https://www.taxtmi.com/caselaws?id=250651 The High Court determined that the Trust was a specific Trust based on the allocation of shares to beneficiaries in the Trust Deed. Consequently, the Trust was not subject to taxation at the maximum marginal rate under Section 164 of the Income Tax Act, 1961. The judgment clarified the tax treatment of the Trust's income and provided guidance on the interpretation of Trust Deed provisions in similar cases. en-us Tue, 05 Aug 2014 00:00:00 +0530 Thu, 21 Aug 2014 08:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250651 The High Court determined that the Trust was a specific Trust based on the allocation of shares to beneficiaries in the Trust Deed. Consequently, the Trust was not subject to taxation at the maximum marginal rate under Section 164 of the Income Tax Act, 1961. The judgment clarified the tax treatment of the Trust's income and provided guidance on the interpretation of Trust Deed provisions in similar cases. Case-Laws Income Tax Tue, 05 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250651