https://www.taxtmi.com/caselaws?id=17179 The High Court of Madras ruled in favor of private trusts with indeterminate beneficiaries, confirming their eligibility for relief under section 80L of the Income-tax Act for the assessment years 1973-74 to 1975-76. The court held that trusts, acting through individual trustees, are entitled to deductions under section 80L, treating them as representative assessees with tax liabilities similar to associations of persons. The court upheld the Tribunal's decision to grant relief under section 80L, rejecting the Income-tax Officer's argument that the trusts should be deemed associations of persons due to beneficiary uncertainty. en-us Tue, 27 Feb 1996 00:00:00 +0530 Tue, 15 Sep 2009 16:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17179 The High Court of Madras ruled in favor of private trusts with indeterminate beneficiaries, confirming their eligibility for relief under section 80L of the Income-tax Act for the assessment years 1973-74 to 1975-76. The court held that trusts, acting through individual trustees, are entitled to deductions under section 80L, treating them as representative assessees with tax liabilities similar to associations of persons. The court upheld the Tribunal's decision to grant relief under section 80L, rejecting the Income-tax Officer's argument that the trusts should be deemed associations of persons due to beneficiary uncertainty. Case-Laws Income Tax Tue, 27 Feb 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17179