Supreme Court · 1974 INSC 209 · Decided 16 October 1974
Commissioner of Income Tax, Hyderabad v. Nawab Mir Barkat Ali Khan Bahadur
- Court
- Supreme Court of India
- Citation
- 1974 INSC 209 · [1975] 2 S.C.R. 453
- Case number
- CIVIL APPEAL No. 1184/1970
- Decided
- 16 October 1974
- Bench
- HANS RAJ KHANNA, R.S. SARKARIA, A.C. GUPTA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
453 Indian Income-tax Act 1922-Trust created by assessee Corpus deposited with the Government-Government agreed to pay Interest free of all taxes. Beneficiary released and assigned all rights In the trust to the settlor-assessee-Whether settlor­ assessee entitled to tM same exemption from had created a trust of thirty lacs of rupees for the benefit of his daughter-in-law on 8th October, 1949. On the same day an agreement was entered into between the assessee and Government of India, the important terms of which were that the trustees would deposit the corpus of the trust with
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