https://www.taxtmi.com/caselaws?id=49562 The Supreme Court held that the amount of Rs. 32,500 received by the advocate was his professional income and not trust property, overturning the decisions of the lower courts. The Court found that no legally enforceable trust existed at the time of payment, as the trust was created after the amount was received. Therefore, the Court concluded that the amount was subject to taxation as the advocate's professional income. en-us Wed, 27 Jul 1960 00:00:00 +0530 Tue, 02 Sep 2014 20:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49562 The Supreme Court held that the amount of Rs. 32,500 received by the advocate was his professional income and not trust property, overturning the decisions of the lower courts. The Court found that no legally enforceable trust existed at the time of payment, as the trust was created after the amount was received. Therefore, the Court concluded that the amount was subject to taxation as the advocate's professional income. Case-Laws Income Tax Wed, 27 Jul 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49562