https://www.taxtmi.com/caselaws?id=69088 The Tribunal held that under Section 161(1A) of the Income Tax Act, the trustees should be assessed as representative assessees and the income taxed at the maximum marginal rate, rejecting the argument of double taxation. The status of trustees was determined to be 'Individual' rather than 'AOP'. The Tribunal emphasized the overriding effect of Section 161(1A) and the necessity to tax the correct person. The appeal by the Revenue was partly allowed, directing the assessment of trustees as 'Individual' and at the maximum marginal rate. en-us Tue, 26 Aug 1997 00:00:00 +0530 Tue, 05 Apr 2011 11:11:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69088 The Tribunal held that under Section 161(1A) of the Income Tax Act, the trustees should be assessed as representative assessees and the income taxed at the maximum marginal rate, rejecting the argument of double taxation. The status of trustees was determined to be 'Individual' rather than 'AOP'. The Tribunal emphasized the overriding effect of Section 161(1A) and the necessity to tax the correct person. The appeal by the Revenue was partly allowed, directing the assessment of trustees as 'Individual' and at the maximum marginal rate. Case-Laws Income Tax Tue, 26 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69088