2023 (3) TMI 1442

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....0-3-2023<br>W. P. Nos. 9057 of 2020 & 13195, 14796, 14800 & 19690 of 2022 and WMP. Nos. 11021 of 2020 & 12545, 13998, 14001, 18736, 18738, 18740 & 19016 of 2022 - -<br>Income Tax<br>Honourable Dr. Justice Anita Sumanth For the Petitioners : Mr.Suhirth Parthasarathy For the Respondents : Dr.B.Ramasamy Senior Standing Counsel COMMON ORDER The petitioners are family trusts that claim the ....

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....nt years 2021-22' in prayer B. In light of the order that is proposed to be passed, I see no need to order these miscellaneous petitions now. 4. It is the specific case of the petitioners, that a private discretionary trust acquires the status of an individual, and that the trustees of a discretionary trust must be assessed under that status. Reliance is placed upon the judgements in (....

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....ard clarifies that it will not be mandatory for &#39;private discretionary trusts&#39;, if the total income exceeds ten lakh rupees, to electronically furnish return of income for assessment year 2012-13.According to the learned counsel for the petitioner, the petitioner was filing its returns electronically for a period thereafter taking benefit from the exemption granted as above. 7. However,....

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.... 9. The prayer for modifications in the return Form is wholly unnecessary as the inclusion of functionalities as sought for, would be unnecessary and redundant for more than Rs. 2 crores of natural individuals and HUFs who presently use that very Form. In all, the respondents urge that the prayer of the petitioner is liable to be rejected in toto. 10. Having heard both Mr.Suhirth Parthasarathy....