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2017 (2) TMI 1013 - AT - Income TaxAddition on account of the receipts on dissolution of trusts under section 56(2)(vi) as income from other sources - Held that:- The facts and circumstances are exactly identical in assessee’s husband case. Respectfully following and taking consistent view as taken by coordinate Bench in assessee’s husband Shri Ashok C Pratap case (2012 (7) TMI 701 - ITAT MUMBAI) wherein held The assessee has received this amount on dissolution of trust in the capacity of beneficiaries as already been accepted by the Commissioner (Appeals),therefore, the amount received by the trust is in pursuance of dissolution of trust. The amount received in pursuance of dissolution of trust cannot be termed to be an amount received by the beneficiaries "without consideration". The fact that the trust had borne the tax at maximum marginal rate on its income has also not been controverted. Therefore the addition cannot be upheld on the applicability of clause (vi) of sub-section (2) of section 56 as the money received by the assessee is not "without consideration", we confirm the order of CIT(A) deleting the addition. - Decided against revenue
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