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1989 (9) TMI 87 - BOMBAY HIGH COURTExtract: .......arch 31, 1972, the beneficiaries of the income under the trust were only the settlor s grand-daughters, Chhaya and Sangeeta. (2) In the affirmative and in favour of the assessee. (3) Tax is chargeable on the income of the trust for the assessment years 1971-72, and 1972-73 as if it were the income of an association of persons. No order as to costs.
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