https://www.taxtmi.com/caselaws?id=59311 The ITAT reversed the Dy. CIT (A)'s decision and held that the commission income earned by the trust, with the sole beneficiary being the assessee's son, should not be taxed in the hands of the assessee for the assessment year 1980-81. The trust was found to be legally constituted, conducting business for the benefit of the minor son. The ITAT emphasized that income belonged to the trust, not the assessee, citing relevant case law and confirming that similar income for the subsequent year was assessed in the trust's hands. en-us Mon, 27 Nov 1989 00:00:00 +0530 Mon, 27 Dec 2010 17:27:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59311 The ITAT reversed the Dy. CIT (A)'s decision and held that the commission income earned by the trust, with the sole beneficiary being the assessee's son, should not be taxed in the hands of the assessee for the assessment year 1980-81. The trust was found to be legally constituted, conducting business for the benefit of the minor son. The ITAT emphasized that income belonged to the trust, not the assessee, citing relevant case law and confirming that similar income for the subsequent year was assessed in the trust's hands. Case-Laws Income Tax Mon, 27 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59311