https://www.taxtmi.com/caselaws?id=58732 The Tribunal upheld the decision of the CIT (Appeals) that the Trusts in question did not qualify as discretionary trusts under s. 164(1) of the IT Act. The Tribunal emphasized that as the beneficiaries and their shares were determinable in the relevant previous year, the Trusts could not be treated as discretionary trusts. The revenue's appeals were dismissed, highlighting the importance of consistent application of statutory provisions in determining taxability. en-us Mon, 24 Aug 1981 00:00:00 +0530 Tue, 21 Dec 2010 17:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58732 The Tribunal upheld the decision of the CIT (Appeals) that the Trusts in question did not qualify as discretionary trusts under s. 164(1) of the IT Act. The Tribunal emphasized that as the beneficiaries and their shares were determinable in the relevant previous year, the Trusts could not be treated as discretionary trusts. The revenue's appeals were dismissed, highlighting the importance of consistent application of statutory provisions in determining taxability. Case-Laws Income Tax Mon, 24 Aug 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58732