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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Assessment u/s 164(1) - whether the assessee trust cannot be ...

Case Laws     Income Tax

February 17, 2017

Assessment u/s 164(1) - whether the assessee trust cannot be assessed as on AOP? - Once the shares of the beneficiaries are found to be determinable, the income is to be taxed of that respective sharer or the beneficiaries in the hands of the beneficiary and not in the hands of the Trustees which has already been shown in the present case - HC

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