Assessment of trust - Transaction between the related concerns - ...

Trustees' Shareholding in ABHSL Below 20%: Not a Related Party Under Income Tax Act Section 13(3.

July 13, 2021

Case Laws Income Tax AT

Assessment of trust - Transaction between the related concerns - Even collectively, the shareholding of the Trustees in ABHSL is far below the threshold of 20%. Hence CIT(A) held that in view of specific provisions of section 13 of the Act he held that ABHSL is not a related party under section 13(3) of the Act and thus addition made by the Assessing Officer is deleted. - Order of CIT(A) confirmed - AT

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Assessment of trust - Transaction between the related concerns - ...

Trustees' Shareholding in ABHSL Below 20%: Not a Related Party Under Income Tax Act Section 13(3.

July 13, 2021

Case Laws Income Tax AT

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