https://www.taxtmi.com/caselaws?id=55278 The Tribunal upheld the assessment of the entire income in the hands of the trust at the maximum marginal rate under section 161(1A). However, it directed the ITO to delete the share income from the trust in the hands of the respective beneficiaries to prevent double taxation. The tax paid by the beneficiaries should be regarded as taxes paid by the assessee-trust, aligning with legislative intent and judicial precedents. en-us Fri, 15 Oct 1993 00:00:00 +0530 Thu, 25 Nov 2010 11:13:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55278 The Tribunal upheld the assessment of the entire income in the hands of the trust at the maximum marginal rate under section 161(1A). However, it directed the ITO to delete the share income from the trust in the hands of the respective beneficiaries to prevent double taxation. The tax paid by the beneficiaries should be regarded as taxes paid by the assessee-trust, aligning with legislative intent and judicial precedents. Case-Laws Income Tax Fri, 15 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55278