https://www.taxtmi.com/caselaws?id=4492 The High Court upheld the assessment of the trust under section 161 of the Income-tax Act, 1961, based on the trust's structure outlined in the trust deed, which did not align with an association of persons (AOP). The Court affirmed the Tribunal's decision to dismiss the Revenue's appeal, citing the relevance of a previous Special Bench ruling. The Department's appeal was rejected, and the assessment in favor of the trust was deemed appropriate. en-us Tue, 08 May 2007 00:00:00 +0530 Sat, 26 Jul 2008 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4492 The High Court upheld the assessment of the trust under section 161 of the Income-tax Act, 1961, based on the trust's structure outlined in the trust deed, which did not align with an association of persons (AOP). The Court affirmed the Tribunal's decision to dismiss the Revenue's appeal, citing the relevance of a previous Special Bench ruling. The Department's appeal was rejected, and the assessment in favor of the trust was deemed appropriate. Case-Laws Income Tax Tue, 08 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4492