https://www.taxtmi.com/caselaws?id=55236 The Tribunal ruled in favor of the department, classifying the main trusts as discretionary trusts due to the indeterminate shares of beneficiaries and the control by major male family members. The assignments of beneficial interests to secondary trusts resulted in those parts being classified as discretionary trusts, while unassigned parts remained specific trusts. The Tribunal rejected multiple taxation, ensuring income taxed at the maximum rate in main trusts would not be taxed again in secondary trusts or BOIs. The decision aimed to prevent double taxation and upheld the trusts' classification as discretionary for assigned parts of income. en-us Fri, 21 May 1993 00:00:00 +0530 Wed, 24 Nov 2010 17:25:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55236 The Tribunal ruled in favor of the department, classifying the main trusts as discretionary trusts due to the indeterminate shares of beneficiaries and the control by major male family members. The assignments of beneficial interests to secondary trusts resulted in those parts being classified as discretionary trusts, while unassigned parts remained specific trusts. The Tribunal rejected multiple taxation, ensuring income taxed at the maximum rate in main trusts would not be taxed again in secondary trusts or BOIs. The decision aimed to prevent double taxation and upheld the trusts' classification as discretionary for assigned parts of income. Case-Laws Income Tax Fri, 21 May 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55236