https://www.taxtmi.com/caselaws?id=20004 The judgment in the "Tanvi Sajni Family Trust" case for the assessment year 1975-76 determined that the beneficiaries' shares were fixed as per the trust deed, negating the need for assessment under section 164 of the Income-tax Act. The Tribunal upheld that the trust could claim deductions for interest paid to beneficiaries as it was a separate legal entity. The outcome favored the assessee on all issues, confirming the determinate nature of beneficiaries' shares, no requirement for assessment under section 164, and allowing the trust to deduct interest paid to beneficiaries. en-us Fri, 04 Feb 1994 00:00:00 +0530 Wed, 11 Nov 2009 11:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20004 The judgment in the "Tanvi Sajni Family Trust" case for the assessment year 1975-76 determined that the beneficiaries' shares were fixed as per the trust deed, negating the need for assessment under section 164 of the Income-tax Act. The Tribunal upheld that the trust could claim deductions for interest paid to beneficiaries as it was a separate legal entity. The outcome favored the assessee on all issues, confirming the determinate nature of beneficiaries' shares, no requirement for assessment under section 164, and allowing the trust to deduct interest paid to beneficiaries. Case-Laws Income Tax Fri, 04 Feb 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20004