https://www.taxtmi.com/caselaws?id=60746 The Tribunal allowed all three appeals by the assessee, setting aside the CIT's order under section 263 of the IT Act and restoring the ITO's assessments. The judgment emphasized that when beneficiary shares are determinate, assessments should be separate for each beneficiary, not as an AOP. This decision underscores the significance of interpreting IT Act provisions and applying precedents to determine the correct assessment method for trusts. en-us Mon, 06 Feb 1984 00:00:00 +0530 Fri, 07 Jan 2011 18:34:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60746 The Tribunal allowed all three appeals by the assessee, setting aside the CIT's order under section 263 of the IT Act and restoring the ITO's assessments. The judgment emphasized that when beneficiary shares are determinate, assessments should be separate for each beneficiary, not as an AOP. This decision underscores the significance of interpreting IT Act provisions and applying precedents to determine the correct assessment method for trusts. Case-Laws Income Tax Mon, 06 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60746