1996 (2) TMI 12

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...., to the Gujarat High Court for its decision. These questions are the following : "(1) Whether, on the facts and in the circumstances of the case, the Tribunal was justified in law in holding that the sum of Rs. 53,122 received by the assessee from various discretionary trusts could not be taxed in the hands of the assessee under section 166 of the Income-tax Act? (2) If the answer to questi....

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....ee has been reversed by this court in CIT v. Kamalini Khatau [1994] 209 ITR 101. Accordingly, following the decision of this court, question No. 1 has to be answered in favour of the Revenue and against the assessee and the decision of the High Court has to be reversed on that point. Since question No. 2 referred to the High Court was left unanswered by it in view of its answer to question No. 1, ....