https://www.taxtmi.com/caselaws?id=62205 The Tribunal upheld the validity of the orally created trust, rejected its assessment as an Association of Persons (AOP), and deemed the assessment order unsustainable. The inconsistent tax treatment by the Income Tax Officer on beneficiaries individually rendered the trust assessment redundant. The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross objection challenging the trust's AOP status for statistical purposes. en-us Wed, 29 Jan 1992 00:00:00 +0530 Tue, 18 Jan 2011 15:26:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62205 The Tribunal upheld the validity of the orally created trust, rejected its assessment as an Association of Persons (AOP), and deemed the assessment order unsustainable. The inconsistent tax treatment by the Income Tax Officer on beneficiaries individually rendered the trust assessment redundant. The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross objection challenging the trust's AOP status for statistical purposes. Case-Laws Income Tax Wed, 29 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62205