https://www.taxtmi.com/caselaws?id=794675 A beneficiary of a determinate trust cannot claim a proportionate share of trust loss in the individual return unless the trust's income or loss is first computed and verified in accordance with law. Direct assessment of the beneficiary does not dispense with lawful determination of the trust's result, so the claimed loss was not allowable on the existing record. Because the appellate order accepted the claim without finding the trust computation correct or quantified, without remand verification, the matter was set aside and restored to the Assessing Officer for fresh adjudication after proper examination of the trust's income or loss. en-us Fri, 03 Jul 2026 00:00:00 +0530 Mon, 13 Jul 2026 05:11:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794675 A beneficiary of a determinate trust cannot claim a proportionate share of trust loss in the individual return unless the trust's income or loss is first computed and verified in accordance with law. Direct assessment of the beneficiary does not dispense with lawful determination of the trust's result, so the claimed loss was not allowable on the existing record. Because the appellate order accepted the claim without finding the trust computation correct or quantified, without remand verification, the matter was set aside and restored to the Assessing Officer for fresh adjudication after proper examination of the trust's income or loss. Case-Laws Income Tax Fri, 03 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794675