https://www.taxtmi.com/caselaws?id=28075 The High Court of Madhya Pradesh ruled on the assessment of a trust under the Income-tax Act, determining that the trust should be assessed as a representative assessee under section 161(1) rather than as an Association of Persons (AOP). The court clarified that the Department's option was to assess the representative assessee or the beneficiary entitled to the income, not the trustees individually as an AOP. The court upheld the Tribunal's decision to set aside the trust's assessment as an AOP, directing that assessments for relevant years follow this ruling, with each party bearing their own costs. en-us Wed, 13 Jul 1983 00:00:00 +0530 Wed, 17 Feb 2010 18:13:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28075 The High Court of Madhya Pradesh ruled on the assessment of a trust under the Income-tax Act, determining that the trust should be assessed as a representative assessee under section 161(1) rather than as an Association of Persons (AOP). The court clarified that the Department's option was to assess the representative assessee or the beneficiary entitled to the income, not the trustees individually as an AOP. The court upheld the Tribunal's decision to set aside the trust's assessment as an AOP, directing that assessments for relevant years follow this ruling, with each party bearing their own costs. Case-Laws Income Tax Wed, 13 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28075