https://www.taxtmi.com/caselaws?id=59134 The Tribunal found that income earned by a trust, where the sole beneficiary was the assessee's minor son, should not be taxed in the assessee's hands. Citing legal precedents and trust documents, the Tribunal determined that the income rightfully belonged to the minor beneficiary. Emphasizing that the trust was legally constituted and conducted business for the minor's benefit, the Tribunal reversed the decision to tax the income in the assessee's hands. The Tribunal highlighted that income from a business different from that conducted by the assessee should not be included in the assessee's income, ultimately allowing the appeal of the assessee. en-us Mon, 27 Nov 1989 00:00:00 +0530 Sat, 25 Dec 2010 12:08:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59134 The Tribunal found that income earned by a trust, where the sole beneficiary was the assessee's minor son, should not be taxed in the assessee's hands. Citing legal precedents and trust documents, the Tribunal determined that the income rightfully belonged to the minor beneficiary. Emphasizing that the trust was legally constituted and conducted business for the minor's benefit, the Tribunal reversed the decision to tax the income in the assessee's hands. The Tribunal highlighted that income from a business different from that conducted by the assessee should not be included in the assessee's income, ultimately allowing the appeal of the assessee. Case-Laws Income Tax Mon, 27 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59134