1995 (4) TMI 29 - HC - Income Tax

Summary

The High Court of Madras ruled in favor of the assessee-minor, stating that the income from the Sitalakshmi Trust should not be included in her hands as she had not yet attained the age of 18 as per the trust deed. The decision was based on the Supreme Court's approval of a similar case from the Bombay High Court. The Tribunal's decision was upheld, and the Department's appeal was dismissed.