https://www.taxtmi.com/caselaws?id=26542 The High Court held that the annuity received by the assessee as per her late husband's will was deemed as income taxable under the Income-tax Act, despite any tax-free stipulations in the will. The court ruled in favor of the Revenue, stating that the annuity was a compulsory payment and the first charge on the trust property, making it chargeable to tax in the hands of the assessee. The court did not address the applicability of section 165 of the Income-tax Act, deeming it unnecessary after resolving the primary issue in favor of the Revenue. en-us Wed, 16 Apr 1986 00:00:00 +0530 Fri, 05 Feb 2010 16:37:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26542 The High Court held that the annuity received by the assessee as per her late husband's will was deemed as income taxable under the Income-tax Act, despite any tax-free stipulations in the will. The court ruled in favor of the Revenue, stating that the annuity was a compulsory payment and the first charge on the trust property, making it chargeable to tax in the hands of the assessee. The court did not address the applicability of section 165 of the Income-tax Act, deeming it unnecessary after resolving the primary issue in favor of the Revenue. Case-Laws Income Tax Wed, 16 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26542