https://www.taxtmi.com/caselaws?id=328585 The Tribunal partly allowed the appeal, setting aside the CIT (A)'s order on income classification and remanding it to the AO. It affirmed the AO's discretion to assess either the trust or beneficiary, not both, and advised seeking relief for taxes paid by trusts from the appropriate authority. Emphasizing proper income classification and apportionment from discretionary trusts, the decision upheld the principle against double taxation. en-us Fri, 27 May 2016 00:00:00 +0530 Wed, 08 Jun 2016 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328585 The Tribunal partly allowed the appeal, setting aside the CIT (A)'s order on income classification and remanding it to the AO. It affirmed the AO's discretion to assess either the trust or beneficiary, not both, and advised seeking relief for taxes paid by trusts from the appropriate authority. Emphasizing proper income classification and apportionment from discretionary trusts, the decision upheld the principle against double taxation. Case-Laws Income Tax Fri, 27 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328585