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1960 (10) TMI 5 - SC - Income TaxWhether the amount received by the appellant from the trust, property in his character as a shebait was exempt from liability to pay income-tax? Held that:- In the present case, the appellant has no beneficial interest in the trust property. The appellant so far as his remuneration is concerned is again not the direct recipient of the income of the trust : the source and the character of the income are both altered when agricultural income is appropriated under the covenant in the deed of trust as remuneration for services rendered. Appeal dismissed.
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