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1966 (8) TMI 22 - KERALA HIGH COURTWhether the 40 % of the profits of the business of A payable to the two Thavazhies is assessable as `unearned income` in the hands of the trustees u/s 41 of the IT Act, 1922, and subject to the levy of a special surcharge - this case will not fall u/s 41 - here a trust has been created in relation to the business which has been held by the Supreme Court to be property and the trustee does not carry on the business on behalf of anybody else
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