Supreme Court upholds Income Tax Act amendment removing deeming provision for trusts

The Supreme Court dismissed the Civil Appeals challenging the amendment in Section 164(1) of the Income-Tax Act, 1961. The Court upheld the removal of the deeming provision for trusts to be assessed as associations of persons, citing alignment with past decisions. The appeals were dismissed without costs.

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The Supreme Court dismissed the Civil Appeals regarding the amendment in Section 164(1) of the Income-Tax Act, 1961, which removed the deeming provision for trusts to be assessed as associations of persons. The Court held that the view taken in the impugned order aligns with previous decisions and hence, the appeals were dismissed with no costs.

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