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<h1>Trust income not assessed as Association of Persons due to specific beneficiaries' shares. Judgment favors assessee.</h1> <h3>Commissioner of Income-tax Versus Viners Industries</h3> The High Court of Madras held that the income of the trust should not be assessed as an Association of Persons due to known specific beneficiaries' ... - The High Court of Madras held that the income of the trust should not be assessed as an Association of Persons. The decision was based on specific beneficiaries' shares being known. The judgment was in favor of the assessee for the assessment years 1985-86 to 1989-90.