https://www.taxtmi.com/caselaws?id=58217 The Tribunal held that the income from letting out premises and interest should be classified as "income from other sources," the trust was deemed a specific trust, and the application of Section 161(1A) was upheld even in the case of a loss. The trust should be assessed as a representative assessee for each beneficiary's income separately. Additional grounds of appeal were admitted, and it was determined that once beneficiaries are assessed, the trust should not be reassessed on the same income. The appeals were partly allowed. en-us Tue, 20 Jul 1993 00:00:00 +0530 Fri, 17 Dec 2010 18:34:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58217 The Tribunal held that the income from letting out premises and interest should be classified as "income from other sources," the trust was deemed a specific trust, and the application of Section 161(1A) was upheld even in the case of a loss. The trust should be assessed as a representative assessee for each beneficiary's income separately. Additional grounds of appeal were admitted, and it was determined that once beneficiaries are assessed, the trust should not be reassessed on the same income. The appeals were partly allowed. Case-Laws Income Tax Tue, 20 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58217