Chapter XII-DA - SPECIAL PROVISIONS RELATING TO TAX ON DISTRIBUTED INCOME OF DOMESTIC COMPANY FOR BUY-BACK OF SHARES (From Section 115QA to Section 115QC)
Part C - Procedure for filing of return in respect of fringe benefits, assessment and payment of tax in respect thereof (From Section 115WD to Section 115WM)
Chapter XX-B - REQUIREMENT AS TO MODE OF ACCEPTANCE, PAYMENT OR REPAYMENT IN CERTAIN CASES TO COUNTERACT EVASION OF TAX (From Section 269SS to Section 269TT)
Trust income apportionment requires beneficiary receipts to be treated proportionally to the chargeable portion of trust income. Where only part of a trust's income is chargeable under the Act, the proportion of the income receivable by a beneficiary deemed to have been derived from that part is the fraction which the chargeable part bears to the whole income of the trust.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Trust income apportionment requires beneficiary receipts to be treated proportionally to the chargeable portion of trust income.
Where only part of a trust's income is chargeable under the Act, the proportion of the income receivable by a beneficiary deemed to have been derived from that part is the fraction which the chargeable part bears to the whole income of the trust.
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