259 ITR

Section 4

S.C : Whether, on the facts and in the circumstances of the case, assignment of 50 per cent out of the assessee’s ten per cent share in right, title and interest (excluding capital) in M/s Kinariwala R.J.K. Industries in favour of Sunil Jivanlal Kinariwala Trust under deed of trust dt. 27th Dec., 1973, creates overriding title in favour of the trust and whether the income accruing to the trust can be treated as the income of the assessee ?

Supreme Court Of India CIT vs. Sunil J. Kinariwala Section 4 Asst. Year 1974-75 Syed Shah Mohammed Quadri & K.G.

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