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2013 (7) TMI 621 - MADRAS HIGH COURTGenuineness of the Trust - Assessment of trust - Tribunal held that as per the terms of the trust deed, 'would be spouse' and 'would be children' would also become beneficiaries of trust therefore declined to declare Assessee as trust - Held that:- Without giving a finding on the genuineness of the Trust, the relief claimed in the Tax Case Appeal could not be granted to the assessee - Following decision of Commissioner of Income Tax, Coimbatore Versus M/s. P. Sekar Trust and M/s. Peegee Trust [2009 (4) TMI 38 - MADRAS HIGH COURT] and Commissioner Of Income-Tax Versus M. K. Chandrakanth [1996 (4) TMI 66 - MADRAS High Court], matter remanded back.
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