1990 (7) TMI 104 - HC - Income Tax

Summary

The High Court of Bombay ruled that the 1/6th share in the trust fund held under the Royal Family (Baroda) Trust Fund (Repealing) Act, 1956 was not includible in the deceased's estate as consent had not been obtained from relevant parties before his death. The Court agreed with the Tribunal's decision and ruled in favor of the assessee.