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Income Tax - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Treatment of assessee as trust or AOP - the observations of ...


Assessee's Status Confirmed as Trust, Not AOP, Impacting Taxability and Income Taxation for Beneficiaries.

February 8, 2020

Case Laws     Income Tax     AT

Treatment of assessee as trust or AOP - the observations of taxability of trust and income being offered to tax in the hands of the beneficiary are all inter-dependent based on the outcome of the status of the assessee which we have already held to be taxed only in the status of trust and not as AOP.

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