The assessee, a trust, claimed to be taxed at the same rate applicable to its beneficiary u/s 115BAA....

The assessee, a trust, claimed to be taxed at the same rate applicable to its beneficiary u/s 115BAA. However, this claim was dismissed as the assessee was not treated as a representative assessee. The CIT(A) accepted the assessee's status as a representative assessee and held that since the assessee is a determinate trust with RIIHL as its sole beneficiary and settler, and RIIHL has opted for taxation under the new regime at 22%, the assessee is also liable to be taxed at the same rate. The court held that u/s 161(1), a representative assessee shall be taxed in the same manner and to the same extent as the person represented. Since RIIHL was taxed u/s 115BAA, the assessee trust should also be taxed at the same rate. The court distinguished..... .....

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