2018 (1) TMI 1650

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....: Mr. Girish Dave a/w Ms. Kadambari Dave a/w Mr. Suresh Kumar ORDER 1. Heard. Appeal relates to Assessment Year 200203. 2. Appeal admitted on the following substantial question of law which alone are pressed: (1) Whether in law and on the facts and circumstances of the case, the impugned order of the Tribunal is bad in law being perverse and violative of principles of natural justice as the i....

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....ssessment (i) as the trust is held to be a discretionary trust, income can be assessed in the hands of the trust and not the beneficiary, (ii) as there is no evidence to show that Appellant as an alleged beneficiary of Ambrunova Trust has received any benefit from the trust and (iii) there is no evidence showing any investment or deposit in Ambrunova Trust where allegedly Appellant's name appe....

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....wn by the Hon'ble Supreme Court in CWT Vs. Estate of Late HMM Vikramsinhji of Gondal (2014) 363 ITR 679 (SC)? (5) Whether in law and on the facts and circumstances of the case, income of discretionary trust can be taxed in the hands of the beneficiary only when the income of the trust is distributed and received by the beneficiary? (6) Whether in law and on the facts and circumstances of t....