Sum received by a beneficiary from trust couldn't be held as gift; not taxable as income from other sources

ITAT Bangalore Bench held that where it was accepted that trust as such did not have a persona different or distinct from that of beneficiary, amount received by assessee as a beneficiary from trusts could not be said to be received without consideration and hence could not have been taxed under section 56(2)(vi).

Mrs. Sharon Nayakv. Deputy Commissioner of Incometax, Circle-5(1), Bangalore.[2016] 70 taxmann.com 185