https://www.taxtmi.com/caselaws?id=59667 The Tribunal held that the interest income earned on fixed deposits by a confederation of Maharashtra State Government employees was not taxable in the hands of the confederation as it acted in a fiduciary capacity for its members. The confederation was not considered an Association of Persons (AOP) for tax purposes, and exemptions under the Income Tax Act were not applicable. The Tribunal ruled in favor of the assessee, allowing their appeals and dismissing those of the Revenue. en-us Fri, 29 Jul 2005 00:00:00 +0530 Fri, 22 Jun 2012 15:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59667 The Tribunal held that the interest income earned on fixed deposits by a confederation of Maharashtra State Government employees was not taxable in the hands of the confederation as it acted in a fiduciary capacity for its members. The confederation was not considered an Association of Persons (AOP) for tax purposes, and exemptions under the Income Tax Act were not applicable. The Tribunal ruled in favor of the assessee, allowing their appeals and dismissing those of the Revenue. Case-Laws Income Tax Fri, 29 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59667