https://www.taxtmi.com/highlights?id=33471 The assessee Trust is a revocable Trust and contribution by beneficiaries is a revocable transfer. - the income shall be taxed in the hands of the beneficiaries, i.e. the Mutual Funds who purchase the PTCs from the assessee trust. - AT en-us Mon, 27 Feb 2017 10:47:30 +0530 Mon, 27 Feb 2017 10:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=33471 The assessee Trust is a revocable Trust and contribution by beneficiaries is a revocable transfer. - the income shall be taxed in the hands of the beneficiaries, i.e. the Mutual Funds who purchase the PTCs from the assessee trust. - AT Highlights Income Tax Mon, 27 Feb 2017 10:47:30 +0530 https://www.taxtmi.com/highlights?id=33471