https://www.taxtmi.com/caselaws?id=71597 The Tribunal determined that the appellant trusts should be assessed as individuals rather than associations of persons for taxation purposes. This decision entitles the trusts to a deduction under section 80L of the Income-tax Act. The Tribunal relied on the precedent set by the Calcutta High Court in a similar case, emphasizing that the trusts' structure aligns more with individual status, making them eligible for the deduction. The appeals were allowed, directing the revenue to assess the trusts as individuals and grant the deduction under section 80L. en-us Tue, 02 Nov 1993 00:00:00 +0530 Mon, 25 Apr 2011 18:12:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71597 The Tribunal determined that the appellant trusts should be assessed as individuals rather than associations of persons for taxation purposes. This decision entitles the trusts to a deduction under section 80L of the Income-tax Act. The Tribunal relied on the precedent set by the Calcutta High Court in a similar case, emphasizing that the trusts' structure aligns more with individual status, making them eligible for the deduction. The appeals were allowed, directing the revenue to assess the trusts as individuals and grant the deduction under section 80L. Case-Laws Income Tax Tue, 02 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71597