https://www.taxtmi.com/caselaws?id=63867 The Tribunal confirmed the validity of the Trust and allowed direct assessment in the status of an Association of Persons (AOP). It dismissed concerns regarding material alterations in the original trust deed, upholding the Trust's validity. The Tribunal found that protective assessments by the Income Tax Officer on the assessee-trust were unwarranted. Additionally, the Tribunal held that it lacked jurisdiction to condone a delay exceeding 30 days beyond the initial 60 days for filing reference applications under Section 256(1), leading to the dismissal of the applications on grounds of limitation. en-us Fri, 07 Aug 1987 00:00:00 +0530 Wed, 02 Feb 2011 15:01:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63867 The Tribunal confirmed the validity of the Trust and allowed direct assessment in the status of an Association of Persons (AOP). It dismissed concerns regarding material alterations in the original trust deed, upholding the Trust's validity. The Tribunal found that protective assessments by the Income Tax Officer on the assessee-trust were unwarranted. Additionally, the Tribunal held that it lacked jurisdiction to condone a delay exceeding 30 days beyond the initial 60 days for filing reference applications under Section 256(1), leading to the dismissal of the applications on grounds of limitation. Case-Laws Income Tax Fri, 07 Aug 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63867