Supreme Court · 1965 INSC 99 · Decided 9 April 1965
Commissioner of Income-Tax, Punjab, .JAMMU & Kashmir, Himachal Pradesh, Patiala v. Raghbir Singh
- Court
- Supreme Court of India
- Citation
- 1965 INSC 99 · [1965] 3 S.C.R. 684
- Case number
- CIVIL APPEAL No. 96/1964
- Decided
- 9 April 1965
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act
Headnote
Indian Income-tax Act, 1922 (11 of 1922), s. 16(1)(c)-Deed of trust-Trustees directed to pay debts of settlor and only thereafter A B to apply trust income and property to the various purposes of the trust-Such direction whether makes trust revocable-Whether pro- C perty of trust indirectly whether to be ta.ied in hands of settlor. The respondent executed a deed of trust in respect of certain shares owned by him in a company. The deed directed the trustees to apply the income and property of the trust in the first instance for paying off the settlor's debts, and thereafter for
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