Court Rules No Double Taxation on Employee Welfare Trust Income u/s 56(2)(vi) of Income Tax Act.

Receipt of amount without consideration - income from other sources u/s 56(2)(vi) - Amount received from employer’s various employee’s welfare trusts - when the income of all the aforesaid 12 discretionary trusts have been charged to tax, the same income cannot be taxed twice when fell into the hands of the assessee - AT .....

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