Revenue Authority Cannot Selectively Tax Beneficiaries' Shares in Trust Income, Co-ordinate Bench Rules u/ss 164 and 160.

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....Additions u/s 164 r.w.s 160 - Share of the beneficiaries as taxable in the hands of the assessee trust - The Co-ordinate Bench held that revenue cannot pick and choose certain amounts representing the share of the beneficiaries and tax in the hands of the assessee and simultaneously not charging the tax in the hands of the assessee with respect to majority of the beneficiaries. - AT....