Supreme Court · 1986 INSC 212 · Decided 13 October 1986
Commissioner of Income-Tax, Madhya Pradesh v. Maharaja Bahadur Singh & ORS.
- Court
- Supreme Court of India
- Citation
- 1986 INSC 212 · [1986] 3 S.C.R. 1020
- Case number
- CIVIL APPEAL No. 1681/1974
- Decided
- 13 October 1986
- Bench
- R.S. PATHAK, SABYASACHI MUKHERJI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
Income Tax Act, 1961-lncome derived by beneficiaries under Trust Deeds-Income derived in individual capacity and not as repre­ senting HUF-Assessment of Income-Determination of. One Hokum Chand Seth, who constituted a HUF with the mem­ bers of his family, owned extensive properties. The and their son in equal shares by a Deed of Partition dated March 31, 1950. dn the same date, Hukum <;_hand Seth and his wife executed two trust.deeds nominating their son and five grandsons as the beneficiaries in respect of their shares in the aforesaid properties. The trust deeds which
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