1996 (3) TMI 12 - HC - Income Tax

Summary

The High Court of Madras held that the trust income should not be included in the income-tax assessment of the minor assessee for the assessment year 1978-79. The court referred to a previous decision regarding a similar issue and ruled in favor of the assessee, citing that the income of the trust is not taxable in the hands of the minor. The Department's appeal was dismissed.