1993 (4) TMI 1 - SC - Income Tax

Appeal pursuant to offers of settlement made by the appellant - assessability of income from five foreign trusts created by the appellant's father - commission directed ITO to compute the total income and raise demand for the tax due - So far as the plea of double taxation is concerned, the observation made by the Commission is quite adequate - in case the appellant proves that any income has been taxed in the U. S. or the U. K., the same income shall not be taxable over again in India.