Commissioner Of Income Tax vs Manilal Dhanji

Whether income from assets transferred to a trust for a minor child, where the child derives no benefit in the relevant assessment year, is includible in the settlor's total income under Section 16(3)(b) of the Income Tax Act, 1922? --- Held No. | Whether income received by an assessee under a trust deed directing its use for maintenance of himself, his wife, and children creates a binding trust making him accountable as a trustee rather than the sole beneficiary? --- Held Yes.