TMI BlogHigh Court Rules Trust Not an "Association of Persons"; Section 40A(2) Inapplicable to Trust-Assessee Company Transaction.The trust is not an “association of persons”, the provisions of Section 40A(2) are not attracted to the transaction between the trust and the assessee company. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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