https://www.taxtmi.com/caselaws?id=55970 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the appellant in a case involving the clubbing of income of JNC Family Trust with the appellant-firm. The ITAT held that the trust income should not be clubbed with the firm as the trust was validly constituted and assessed separately. Additionally, the ITAT directed the Assessing Officer to grant investment allowance to the appellant in accordance with the law, overturning the disallowance made by the Assessing Officer and upheld by the CIT(A). en-us Tue, 27 Apr 1993 00:00:00 +0530 Tue, 30 Nov 2010 18:29:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55970 The Income Tax Appellate Tribunal (ITAT) ruled in favor of the appellant in a case involving the clubbing of income of JNC Family Trust with the appellant-firm. The ITAT held that the trust income should not be clubbed with the firm as the trust was validly constituted and assessed separately. Additionally, the ITAT directed the Assessing Officer to grant investment allowance to the appellant in accordance with the law, overturning the disallowance made by the Assessing Officer and upheld by the CIT(A). Case-Laws Income Tax Tue, 27 Apr 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55970