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2012 (7) TMI 152 - KERALA HIGH COURTRe-computation of income tax liability - to adopt the maximum marginal rate of 40% applicable under Section 164(1) - that the benefits are extended to the dependents and relatives of the employees also - Held that:- In all welfare measures, whether under Government or in Public Sector, benefits extended to the employees means benefits extended to their family members also as the immediate dependent family members of an employee cannot be disassociated from the employee. There is no case that the fruits of employment is enjoyed by the concerned employee individual himself alone. Thus, the trust in question was an exception to Section 164, the maximum marginal rate could not be applied to the income of the Trust - against revenue.
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