https://www.taxtmi.com/caselaws?id=410301 The Tribunal dismissed the Revenue's appeal, upholding the decision of the Commissioner of Income-tax (Appeals) regarding the status of Dr. N.K. Arora as a specified person under section 13(3) of the Income Tax Act. Additionally, the Tribunal ruled that the provisions of section 13(1)(cc) were not applicable to the case of the assessee trust, affirming that Dr. Arora did not qualify as a de facto trustee or a person making substantial contributions to the trust. The judgment underscored the importance of accurately interpreting and applying tax laws to determine the roles and statuses of individuals in charitable trusts. en-us Wed, 28 Jul 2021 00:00:00 +0530 Wed, 28 Jul 2021 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=410301 The Tribunal dismissed the Revenue's appeal, upholding the decision of the Commissioner of Income-tax (Appeals) regarding the status of Dr. N.K. Arora as a specified person under section 13(3) of the Income Tax Act. Additionally, the Tribunal ruled that the provisions of section 13(1)(cc) were not applicable to the case of the assessee trust, affirming that Dr. Arora did not qualify as a de facto trustee or a person making substantial contributions to the trust. The judgment underscored the importance of accurately interpreting and applying tax laws to determine the roles and statuses of individuals in charitable trusts. Case-Laws Income Tax Wed, 28 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=410301