https://www.taxtmi.com/caselaws?id=18358 HC allowed petitions and quashed the notices issued under section 263, holding those notices to be without jurisdiction. The court upheld the Assessing Officer's assessment treating the private discretionary trust as an individual for the relevant assessment year, rejecting Revenue's contention that the trust should be assessed as an association of persons. The HC stressed that the assessee's status must be correctly determined before reopening assessments and found no error in the original assessment, thereby setting aside the impugned revision notices. en-us Fri, 28 Jun 1996 00:00:00 +0530 Fri, 19 Sep 2025 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18358 HC allowed petitions and quashed the notices issued under section 263, holding those notices to be without jurisdiction. The court upheld the Assessing Officer's assessment treating the private discretionary trust as an individual for the relevant assessment year, rejecting Revenue's contention that the trust should be assessed as an association of persons. The HC stressed that the assessee's status must be correctly determined before reopening assessments and found no error in the original assessment, thereby setting aside the impugned revision notices. Case-Laws Income Tax Fri, 28 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18358