https://www.taxtmi.com/caselaws?id=16922 A private trust administered by a single trustee for named beneficiaries, with beneficiaries' shares not ascertainable, was held entitled to deduction under section 80L even though it was assessed as an association of persons under section 164(1). The Court followed its earlier ruling on a similar trust and rejected the Department's contention that AOP assessment displaced the deduction. It also accepted that the Tribunal could adopt a dual status for computation of total income and levy of tax. The questions were answered in favour of the assessee and against the Department. en-us Tue, 30 Jul 1996 00:00:00 +0530 Mon, 14 Sep 2009 11:13:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16922 A private trust administered by a single trustee for named beneficiaries, with beneficiaries' shares not ascertainable, was held entitled to deduction under section 80L even though it was assessed as an association of persons under section 164(1). The Court followed its earlier ruling on a similar trust and rejected the Department's contention that AOP assessment displaced the deduction. It also accepted that the Tribunal could adopt a dual status for computation of total income and levy of tax. The questions were answered in favour of the assessee and against the Department. Case-Laws Income Tax Tue, 30 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16922