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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

The trust is not an “association of persons”, the provisions of ...


High Court Rules Trust Not an "Association of Persons"; Section 40A(2) Inapplicable to Trust-Assessee Company Transaction.

July 12, 2012

Case Laws     Income Tax     HC

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

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