https://www.taxtmi.com/caselaws?id=282928 Beneficiaries of a private specific trust, whose shares are known and fixed under the trust deed, cannot be assessed as an Association of Persons where they have not come together to earn income from the trust property. The court treated the trust as a private specific trust and held that the beneficiaries' entitlement to income in definite proportions did not create the joint association needed for AOP status. The referred question was answered in the affirmative, in favour of the assessee and against the Revenue. en-us Tue, 29 Oct 2002 00:00:00 +0530 Sat, 31 Aug 2019 11:20:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282928 Beneficiaries of a private specific trust, whose shares are known and fixed under the trust deed, cannot be assessed as an Association of Persons where they have not come together to earn income from the trust property. The court treated the trust as a private specific trust and held that the beneficiaries' entitlement to income in definite proportions did not create the joint association needed for AOP status. The referred question was answered in the affirmative, in favour of the assessee and against the Revenue. Case-Laws Income Tax Tue, 29 Oct 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282928