Supreme Court · 1986 INSC 208 · Decided 30 September 1986
C.I.T., Andhra Pradesh v. Trustees of H.E.H., the Nizam's Family Trust
- Court
- Supreme Court of India
- Citation
- 1986 INSC 208 · [1986] 3 S.C.R. 973
- Case number
- CIVIL APPEAL No. 1856/1974
- Decided
- 30 September 1986
- Bench
- R.S. PATHAK, SABYASACHI MUKHERJI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 147
Headnote
--~ Indian Income Tax Act, 1922, s. 147-Nizam's Famiiy Trust Deed-Income arising .from Res;rve Fund and Expenses Account- c ! Whether can be aggregated in one single assessment-Sett/or-Whether has a right to create separate and distinct trusts by a single document. ~ By a Deed of Tru,st dated May a Family Trust. A corpus of nine crores in Government securities was transferred lo the trustees under that Deed, which was D notionally divided into 175 equal units, S units to cor.stitute a fund called the 'Reserve Fund', 3ll:z units to constitute the 'Family Trust ·Expenses Account' and
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