https://www.taxtmi.com/caselaws?id=772035 A private family trust created by will for dependent relatives was treated as falling within the proviso to section 164(1) of the Income-tax Act, 1961 where none of the beneficiaries had taxable income. On that basis, the trust income was chargeable at the normal rate and not at the maximum marginal rate. The operative point is that a trust exclusively for specified relatives dependent on support and maintenance is not taxed at the higher rate when the statutory condition regarding beneficiaries' taxable income is not met. en-us Thu, 29 May 2025 00:00:00 +0530 Tue, 03 Jun 2025 08:50:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772035 A private family trust created by will for dependent relatives was treated as falling within the proviso to section 164(1) of the Income-tax Act, 1961 where none of the beneficiaries had taxable income. On that basis, the trust income was chargeable at the normal rate and not at the maximum marginal rate. The operative point is that a trust exclusively for specified relatives dependent on support and maintenance is not taxed at the higher rate when the statutory condition regarding beneficiaries' taxable income is not met. Case-Laws Income Tax Thu, 29 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772035