https://www.taxtmi.com/caselaws?id=70407 The judgment dismissed the appeals, holding that exemptions claimed by beneficiaries under sections 80G, 80L, and 80T could not be granted separately. The correct procedure involves computing the trust's total income, allowing deductions under Chapter VIA, and then apportioning the net income among beneficiaries. The interpretation of section 166 was limited to determining the tax payable, not the entire assessment procedure. The court did not follow the Allahabad High Court decision in Smt. Shakuntala Banerjee, relying instead on authoritative judgments of the Bombay High Court and the Supreme Court. en-us Fri, 31 Aug 1990 00:00:00 +0530 Sat, 16 Apr 2011 10:12:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70407 The judgment dismissed the appeals, holding that exemptions claimed by beneficiaries under sections 80G, 80L, and 80T could not be granted separately. The correct procedure involves computing the trust's total income, allowing deductions under Chapter VIA, and then apportioning the net income among beneficiaries. The interpretation of section 166 was limited to determining the tax payable, not the entire assessment procedure. The court did not follow the Allahabad High Court decision in Smt. Shakuntala Banerjee, relying instead on authoritative judgments of the Bombay High Court and the Supreme Court. Case-Laws Income Tax Fri, 31 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70407