https://www.taxtmi.com/caselaws?id=190685 The Tribunal dismissed the Revenue's appeal, affirming that the income of the trust should be taxed in the hands of the contributors rather than the trust or as an AOP. It was determined that the trust was revocable, with non-commercial activities. The assessment by the AO was overturned, and Sections 61, 63, and 164(1) were correctly applied to ascertain the tax liability of the income. en-us Wed, 23 Dec 2015 00:00:00 +0530 Wed, 22 Feb 2017 12:29:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190685 The Tribunal dismissed the Revenue's appeal, affirming that the income of the trust should be taxed in the hands of the contributors rather than the trust or as an AOP. It was determined that the trust was revocable, with non-commercial activities. The assessment by the AO was overturned, and Sections 61, 63, and 164(1) were correctly applied to ascertain the tax liability of the income. Case-Laws Income Tax Wed, 23 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190685