| |
| The Tax Publishers2020 TaxPub(DT) 4531 (Mad-HC) INCOME TAX ACT, 1961
Section 260A
In view of decision rendered in case of CIT v. TVS Shriram Growth Fund [T.C.A. Nos. 890 of 2018, etc., batch, dated 28-9-2020] : 2020 TaxPub(DT) 4269 (Mad-HC)), appeal filed by assessee was allowed.
|
Appeal (High Court) - Substantial question of law - Assessment of trust -
Assessee filed appeal against the order of Tribunal holding that it was a discretionary trust ignoring the fact that the beneficiaries and their share of interest in the trust were determinable at all points of time. Held: In the light of the decision rendered in case of CIT v. TVS Shriram Growth Fund [T.C.A. Nos. 890 of 2018, etc., batch, dated 28-9-2020 : 2020 TaxPub(DT) 4269 (Mad-HC)],. The instant this appeal filed by the assessee requires to be allowed and the substantial questions of law were answered in favour of the assessee.
Followed:CIT v. TVS Shriram Growth Fund [T.C.A. Nos. 890 of 2018, etc., batch, dated 28-9-2020) : 2020 TaxPub(DT) 4269 (Mad-HC)].
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2009-10
 SUBSCRIBE FOR FULL CONTENT
|