https://www.taxtmi.com/caselaws?id=55686 The appeals by the assessee were allowed as the Tribunal determined that the provisions of section 194A regarding the liability to deduct income tax on interest payments were not applicable to the trustees of the specific trust. The Tribunal clarified that trustees of a private specific trust are assessable in the same manner and to the same extent as the beneficiaries they represent, and since the beneficiaries were individuals or HUFs already assessed in those categories, the trustees were to be assessed as individuals or HUFs, not as A.O.P. or B.O.I. en-us Tue, 30 Aug 1994 00:00:00 +0530 Mon, 29 Nov 2010 14:03:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55686 The appeals by the assessee were allowed as the Tribunal determined that the provisions of section 194A regarding the liability to deduct income tax on interest payments were not applicable to the trustees of the specific trust. The Tribunal clarified that trustees of a private specific trust are assessable in the same manner and to the same extent as the beneficiaries they represent, and since the beneficiaries were individuals or HUFs already assessed in those categories, the trustees were to be assessed as individuals or HUFs, not as A.O.P. or B.O.I. Case-Laws Income Tax Tue, 30 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55686