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assessee had not produced any evidence that it had created irrevocable trust called Workers Bonus Payment Trust. The Tribunal, keeping in mind the object ... actual payment and not deemed payment, even creating an irrevocable trust would not satisfy the requirement of law. Thus after the decision of the Apex

Commissioner of Income-tax Vs. Thanthi Trust ). There the assessee was a Trust. The author of the Trust was carrying on the business of printing ... assets and liabilities to the Trust constituted under the deed of trust dated 01.03.1954. The Trust was constituted to establish the newspaper and provide