https://www.taxtmi.com/caselaws?id=55214 The Tribunal ruled that the provisions of Section 194A of the Income-tax Act did not apply to the trustees of specific trusts as the beneficiaries were assessed as individuals and HUFs. The Tribunal held that the trustees' assessment should align with the beneficiaries' status, rejecting the argument that the trusts should be treated as AOP or BOI for tax deduction purposes. Consequently, the Tribunal dismissed the appeals, determining that the trusts were not obligated to deduct income tax on interest payments to beneficiaries who were individuals and HUFs. en-us Wed, 10 Oct 1990 00:00:00 +0530 Wed, 24 Nov 2010 15:46:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55214 The Tribunal ruled that the provisions of Section 194A of the Income-tax Act did not apply to the trustees of specific trusts as the beneficiaries were assessed as individuals and HUFs. The Tribunal held that the trustees' assessment should align with the beneficiaries' status, rejecting the argument that the trusts should be treated as AOP or BOI for tax deduction purposes. Consequently, the Tribunal dismissed the appeals, determining that the trusts were not obligated to deduct income tax on interest payments to beneficiaries who were individuals and HUFs. Case-Laws Income Tax Wed, 10 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55214