https://www.taxtmi.com/caselaws?id=55327 The Tribunal held that customs duty refunds received by dissolved trusts were taxable under Section 176(3A) read with Section 41(1), as they were received by constituted attorneys on behalf of beneficiaries. The Tribunal reversed the CIT(A)'s decision, restoring the Assessing Officer's orders. The Tribunal directed the CIT(A) to determine the validity of assessments reopening under Section 148. The assessees' challenge to the levy of interest under Section 234B was not specifically addressed. en-us Fri, 28 Feb 2003 00:00:00 +0530 Thu, 25 Nov 2010 15:30:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55327 The Tribunal held that customs duty refunds received by dissolved trusts were taxable under Section 176(3A) read with Section 41(1), as they were received by constituted attorneys on behalf of beneficiaries. The Tribunal reversed the CIT(A)'s decision, restoring the Assessing Officer's orders. The Tribunal directed the CIT(A) to determine the validity of assessments reopening under Section 148. The assessees' challenge to the levy of interest under Section 234B was not specifically addressed. Case-Laws Income Tax Fri, 28 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55327