Trust Income Taxed u/s 64(1)(iii); Assets Deferred Until Majority, Section 64(1)(v) Not Applicable.

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....Trusts for the benefit of two minor children - provisions of section 64(1)(iii) invoked to include the income of trust into the income of assessee (Individual) - the deferment of the benefit is beyond the period of minority of the assessee's three sons, since the assets are to be received by them when they attain majority, the provisions of section 64(1)(v) have no application. - SC....