https://www.taxtmi.com/caselaws?id=55527 The Tribunal upheld the CIT's orders under Section 263, confirming the treatment of the deferred trusts as discretionary trusts liable to tax at the maximum marginal rate. The additional ground for credit of taxes paid by the main trust was allowed, subject to adjustments for interest. The appeals were disposed of accordingly. en-us Mon, 29 May 1995 00:00:00 +0530 Sun, 06 Feb 2011 02:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55527 The Tribunal upheld the CIT's orders under Section 263, confirming the treatment of the deferred trusts as discretionary trusts liable to tax at the maximum marginal rate. The additional ground for credit of taxes paid by the main trust was allowed, subject to adjustments for interest. The appeals were disposed of accordingly. Case-Laws Income Tax Mon, 29 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55527