Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1987 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1987 (2) TMI 17 - HC - Income TaxExtract: ....... treated them as independent owners to the extent of their beneficial interest. It is, therefore, not open to the Revenue to contend that the beneficiaries became real owners only after the death of the settlor. For the foregoing reasons, we answer the reference in favour of the assessee and against the Revenue. There shall be no order as to costs.
|