https://www.taxtmi.com/caselaws?id=418077 The Tribunal concluded that the assessee was a valid trust, not an AOP, and the income was taxable in the hands of the SR Holders. The decision was based on identifiable beneficiaries, revocable contributions, and compliance with statutory provisions. The Tribunal rejected the Revenue's arguments, emphasizing that the trust was not a tax evasion scheme but a legitimate entity for asset reconstruction activities under the SARFAESI Act. en-us Fri, 28 Jan 2022 00:00:00 +0530 Mon, 07 Feb 2022 09:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418077 The Tribunal concluded that the assessee was a valid trust, not an AOP, and the income was taxable in the hands of the SR Holders. The decision was based on identifiable beneficiaries, revocable contributions, and compliance with statutory provisions. The Tribunal rejected the Revenue's arguments, emphasizing that the trust was not a tax evasion scheme but a legitimate entity for asset reconstruction activities under the SARFAESI Act. Case-Laws Income Tax Fri, 28 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418077