TMI BlogIncome to Unit Holder from Business Trust - Section 56(2)(xii)X X X X Extracts X X X X X X X X Extracts X X X X ..... d by him at any time during the previous year. Explanation. For the purposes of this clause, ''specified sum'' shall be computed in accordance with the following formula, namely: Specified sum= A-B-C (which shall be deemed to be zero if sum of B and C is greater than A) , where A = aggregate of sum distributed by the business trust with respect to such unit, during t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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