Supreme Court · 1995 INSC 311 · Decided 28 April 1995
Gosar Family Trust, Jamnagar ETC. v. Commissioner of Income Tax
- Court
- Supreme Court of India
- Citation
- 1995 INSC 311 · [1995] 3 S.C.R. 894
- Case number
- CIVIL APPEAL No. 1180/1991
- Decided
- 28 April 1995
- Bench
- B.P. JEEVAN REDDY, S.C. SEN, G.T. NANAVATI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 164(1)
Headnote
Indian Trust Act 1882-Discretionary Trust created with two categories of beneficiaries-First category entitled to trust income-Second category to ' get the corpus of the trust and all the income accumulated at the end of the c trus!-Held : Second category is beneficiary. Income Tax Act beneficiaries-First category to get trust income-Second category to get corpus and income at the end of the Trust-First category D beneficiaries having no taxable income under the proviso-The second category falling under the proviso-Rates for charging tax of the trust in- come-Held: Charging of
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