https://www.taxtmi.com/caselaws?id=49245 The Supreme Court upheld the High Court's decision that the case fell under section 12 of the Assam Agricultural Income-tax Act, 1939, rather than section 13. The Court determined that the trust deed established a trust with properties held by trustees for the benefit of both trustees and beneficiaries. As the trustees did not fall under the categories specified in section 13, the case was assessed under section 12. The judgment clarified the interpretation of the trust deed and the application of relevant sections for tax assessment, affirming the High Court's ruling and dismissing the appeals. en-us Tue, 16 Nov 1965 00:00:00 +0530 Tue, 19 Aug 2014 08:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49245 The Supreme Court upheld the High Court's decision that the case fell under section 12 of the Assam Agricultural Income-tax Act, 1939, rather than section 13. The Court determined that the trust deed established a trust with properties held by trustees for the benefit of both trustees and beneficiaries. As the trustees did not fall under the categories specified in section 13, the case was assessed under section 12. The judgment clarified the interpretation of the trust deed and the application of relevant sections for tax assessment, affirming the High Court's ruling and dismissing the appeals. Case-Laws Indian Laws Tue, 16 Nov 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49245