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Income Tax - Highlights / Catch Notes

Home Highlights March 2022 Year 2022 This

Assessee is a revocable trust OR AOP - as the names of the ...

Case Laws     Income Tax

March 14, 2022

Assessee is a revocable trust OR AOP - as the names of the beneficiaries of the assessee trust and their shares were known since inception i.e at the time of the formation of the trust as is evident from the minutes of the meeting dated 27.12.2007, therefore, it can safely be concluded that the assessee trust is a determinate trust i.e a non-discretionary trust. - AT

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