https://www.taxtmi.com/caselaws?id=70004 The Appellate Tribunal ruled in favor of the assessee, determining that the beneficiaries of the 'Anuradha Family Trust' were identifiable and their shares specified in the trust deed. Consequently, the income was deemed determinate and known, leading to the dismissal of the Revenue's appeal. The Tribunal emphasized that the trust deed's clarity prevented the application of the maximum marginal rate under section 164 of the Income-tax Act, ensuring that the income distribution was taxed at normal rates as per the trust's provisions. en-us Mon, 31 Dec 1990 00:00:00 +0530 Wed, 13 Apr 2011 13:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70004 The Appellate Tribunal ruled in favor of the assessee, determining that the beneficiaries of the 'Anuradha Family Trust' were identifiable and their shares specified in the trust deed. Consequently, the income was deemed determinate and known, leading to the dismissal of the Revenue's appeal. The Tribunal emphasized that the trust deed's clarity prevented the application of the maximum marginal rate under section 164 of the Income-tax Act, ensuring that the income distribution was taxed at normal rates as per the trust's provisions. Case-Laws Income Tax Mon, 31 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70004