1995 (4) TMI 29

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....f this court under section 256(2) of the Income-tax Act, 1961 : " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in holding that the income from Sitalakshmi Trust' should not be included in the hands of the assessee-minor ?" In the assessment year 1977-78, Shri R. V. Bhuvanesh created a trust known as "Baby Sitalakshmi Trust" by a deed dated Febr....

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....s contention reliance was placed upon the decision of the Bombay High Court in the case of Yogindraprasad N. Mafatlal v. CIT [1977] 109 ITR 602. However, the Income-tax Officer held that the income of Rs. 60,921 arising to the trust should be included in the assessee's total income. On appeal, the Commissioner of Income-tax (Appeals) accepted the contention put forward by the assessee and deleted ....