https://www.taxtmi.com/caselaws?id=66962 The Tribunal upheld the dismissal of the appeal against the assessment of income in the Trust's hands, citing previous assessments and ongoing disputes. It rejected the contention of automatic dissolution of the Trust under s. 71 of the Indian Trust Act, emphasizing that property actions did not change Trust status. The Tribunal considered resolutions by trustees due to tax burdens but noted the argument that authorities had already addressed this. It interpreted s. 77 of the Trust Act regarding Trust extinguishment and remanded the case to the AAC for re-examination, accepting the appeal for statistical purposes. en-us Tue, 19 Sep 1978 00:00:00 +0530 Tue, 08 Mar 2011 13:19:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66962 The Tribunal upheld the dismissal of the appeal against the assessment of income in the Trust's hands, citing previous assessments and ongoing disputes. It rejected the contention of automatic dissolution of the Trust under s. 71 of the Indian Trust Act, emphasizing that property actions did not change Trust status. The Tribunal considered resolutions by trustees due to tax burdens but noted the argument that authorities had already addressed this. It interpreted s. 77 of the Trust Act regarding Trust extinguishment and remanded the case to the AAC for re-examination, accepting the appeal for statistical purposes. Case-Laws Income Tax Tue, 19 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66962