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1986 (9) TMI 385 - SC - Income TaxWhether the incomes arising from the Reserve Fund and the Expenses Account of the Nizam's Family Trust Deed, can be aggregated in single assessment - HC was right in holding that the settlor intended to create separate trusts in respect of the Reserve Fund and the Family Trust Expenses Account & that the respective incomes arising from the corpus of those trusts cannot be aggregated in one single assessment but must be assessed separately - question is answered in favour of the assessee
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