https://www.taxtmi.com/caselaws?id=13658 The court affirmed that the assessee trust was not genuine, as it was created to avoid tax payment. However, the assessment of income in the status of association of persons at the maximum marginal rate was deemed incorrect due to the lack of evidence of a joint enterprise by the beneficiaries. The matter was remanded to the Tribunal for determining the correct entity for income taxation without costs awarded. en-us Tue, 02 Aug 2005 00:00:00 +0530 Sat, 30 May 2009 18:45:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13658 The court affirmed that the assessee trust was not genuine, as it was created to avoid tax payment. However, the assessment of income in the status of association of persons at the maximum marginal rate was deemed incorrect due to the lack of evidence of a joint enterprise by the beneficiaries. The matter was remanded to the Tribunal for determining the correct entity for income taxation without costs awarded. Case-Laws Income Tax Tue, 02 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13658