https://www.taxtmi.com/caselaws?id=62622 The court ruled in favor of the revenue assessees, determining that the Trust could not be classified as an Artificial Juridical Person and should be assessed as an Association of Persons. The Trust was found to have not allocated funds appropriately for its objectives, leading to the imposition of tax at the maximum marginal rate. Additionally, the court concluded that the Trust was not genuine and operated for tax evasion purposes, resulting in the inclusion of alleged donations as income of the assessee. en-us Fri, 05 Dec 1997 00:00:00 +0530 Thu, 20 Jan 2011 17:55:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62622 The court ruled in favor of the revenue assessees, determining that the Trust could not be classified as an Artificial Juridical Person and should be assessed as an Association of Persons. The Trust was found to have not allocated funds appropriately for its objectives, leading to the imposition of tax at the maximum marginal rate. Additionally, the court concluded that the Trust was not genuine and operated for tax evasion purposes, resulting in the inclusion of alleged donations as income of the assessee. Case-Laws Income Tax Fri, 05 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62622