https://www.taxtmi.com/caselaws?id=12435 A discretionary trust assessed as a representative assessee was treated as entitled to the deduction under section 80C because the trust's income is assessed in the same manner and to the same extent as the beneficiaries' income. The court applied the earlier principle that such a trust is not to be equated with a Hindu undivided family or an association of persons for this purpose, and that the term "individual" in the Act is wide enough to include a body of individuals constituting a taxable unit. As section 80C was regarded as materially similar to section 80L, the deduction was held allowable and the issue was decided against the Revenue. en-us Mon, 05 Nov 2001 00:00:00 +0530 Wed, 24 Feb 2010 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12435 A discretionary trust assessed as a representative assessee was treated as entitled to the deduction under section 80C because the trust's income is assessed in the same manner and to the same extent as the beneficiaries' income. The court applied the earlier principle that such a trust is not to be equated with a Hindu undivided family or an association of persons for this purpose, and that the term "individual" in the Act is wide enough to include a body of individuals constituting a taxable unit. As section 80C was regarded as materially similar to section 80L, the deduction was held allowable and the issue was decided against the Revenue. Case-Laws Income Tax Mon, 05 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12435