https://www.taxtmi.com/caselaws?id=63669 The appeal challenged an order under section 263 of the CIT, Delhi-IV New Delhi, regarding the assessment of an assessee trust. The Commissioner found the assessment erroneous and prejudicial to revenue due to the absence of the term 'protective' in the assessment order. The CIT concluded that the income of beneficiaries should be assessed in the hands of the settlors under section 64(1)(vi) of the Act, leading to setting aside of the assessment for a de novo consideration. The Tribunal upheld the correctness of the assessment made by the ITO, emphasizing the specific trust nature of the assessee and the clear determinate share of beneficiaries. en-us Mon, 06 Jan 1986 00:00:00 +0530 Tue, 01 Feb 2011 12:50:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63669 The appeal challenged an order under section 263 of the CIT, Delhi-IV New Delhi, regarding the assessment of an assessee trust. The Commissioner found the assessment erroneous and prejudicial to revenue due to the absence of the term 'protective' in the assessment order. The CIT concluded that the income of beneficiaries should be assessed in the hands of the settlors under section 64(1)(vi) of the Act, leading to setting aside of the assessment for a de novo consideration. The Tribunal upheld the correctness of the assessment made by the ITO, emphasizing the specific trust nature of the assessee and the clear determinate share of beneficiaries. Case-Laws Income Tax Mon, 06 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63669