https://www.taxtmi.com/caselaws?id=796335 Income receivable under a trust created by the deceased's sole will falls within proviso (ii) to section 164(1) where it is the only trust so declared. Read with section 167B and the applicable CBDT clarification, this exception prevents taxation of the testamentary family trust's income at the maximum marginal rate. The income is instead taxable as the total income of an association of persons under proviso (ii) to section 164(1). en-us Thu, 30 Jul 2026 00:00:00 +0530 Tue, 04 Aug 2026 08:39:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796335 Income receivable under a trust created by the deceased's sole will falls within proviso (ii) to section 164(1) where it is the only trust so declared. Read with section 167B and the applicable CBDT clarification, this exception prevents taxation of the testamentary family trust's income at the maximum marginal rate. The income is instead taxable as the total income of an association of persons under proviso (ii) to section 164(1). Case-Laws Income Tax Thu, 30 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796335