https://www.taxtmi.com/caselaws?id=58686 The Tribunal dismissed the departmental appeal, affirming that the assessee-trust is entitled to deduction under section 80L of the Income-tax Act, 1961. The judgment clarified the status of the assessee as an individual eligible for the deduction, rejecting the department's arguments regarding the classification of trusts as an Association of Persons (AOPs) based on the number of beneficiaries or trustees. The relief under section 80L was deemed available to individuals, Hindu Undivided Families (HUFs), AOPs, and Bodies of Individuals (BOIs) representing husband and wife under Portuguese law. en-us Fri, 30 Dec 1983 00:00:00 +0530 Tue, 21 Dec 2010 15:37:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58686 The Tribunal dismissed the departmental appeal, affirming that the assessee-trust is entitled to deduction under section 80L of the Income-tax Act, 1961. The judgment clarified the status of the assessee as an individual eligible for the deduction, rejecting the department's arguments regarding the classification of trusts as an Association of Persons (AOPs) based on the number of beneficiaries or trustees. The relief under section 80L was deemed available to individuals, Hindu Undivided Families (HUFs), AOPs, and Bodies of Individuals (BOIs) representing husband and wife under Portuguese law. Case-Laws Income Tax Fri, 30 Dec 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58686