Supreme Court · 1994 INSC 198 · Decided 9 May 1994
Commissioner of Income Tax, Gujarat, Ahmedabad v. SMT. Kamaltni Khatau
- Court
- Supreme Court of India
- Citation
- 1994 INSC 198 · [1994] 3 S.C.R. 942
- Case number
- CIVIL APPEAL No. 2145/1978
- Decided
- 9 May 1994
- Bench
- M.N. VENKATACHALIAH, S.C. AGRAWAL, S.P. BHARUCHA (3-judge bench)
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 4, 5, 160, 161, 162, 163, 164, 165
Headnote
OF INCOME TAX, GUJARAT, AHMEDABAD v. SMT. KAMALTNI KHATAU MAY 9, 1994 B [M.N. VENKATACHALTAH, CJ., S.P. BHARUCHA AND S.C. AGRAWAL, JJ.J Income Tax Act 1961-Sections 4, 5, 160, 161, 162, 163, 164, 165, and 166-Beneficiary of discretionary trust-Held, revenue has the option to assess C and was a beneficiary in respect of six: trusts. Each of the six trusts gave a discretion to the Trustees to accumulate the D net income of the Trust and at their discretion pay the same to the named beneficiaries. During the accounting year relevant to the Assessment Years 19~9-70,
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)