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of <h1>Trust with Known Beneficiaries Not an Association of Persons for Tax Assessment</h1> <h3>Commissioner of Income-tax Versus Mecca Trust</h3> Commissioner of Income-tax Versus Mecca Trust - TMI The Madras High Court ruled that a trust with known and fixed beneficiaries cannot be treated as an Association of Persons for tax assessment purposes. The Income-tax Appellate Tribunal's decision was upheld, stating that beneficiaries who do not join together to earn income are not considered an Association of Persons. The court cited a similar case from the Bombay High Court to support their decision. The question of law was answered in favor of the assessee, with no costs awarded.
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