assessee, Goyal Private Family Specific Trust, Agra, a specific trust, was created on January 24, 1973, under a trust deed by Smt. Sudha Agrawal with ... respectively, in the status of a private specific trust. The Income-tax Officer completed the assessments for both the years on a single
beneficiaries were determined and ascertained, it was claimed to be a private specific trust. It was pointed out that Clause 5 of the Trust Deed ... assessee, a private trust, filed its returns and the I.T.O. assessed the beneficiaries of the trust and held that the trust
verified the claim. The assessee trust is a private revocable trust
under the Trust Act and as per section ... Companies Act and the trust of the company was formed by trust deed and
they were treated as private specific trust. The similar trust
assessee, Private trust, filed its returns and the Income Tax Officer assessed the beneficiaries of the trust holding that the trust was not assessable ... that the Income Tax Officer held that the assessee was a Private specific trust and the income thereof was exempt in the hands
filed the written
submissions, which reads as follows :
ASSESSEE WAS AN PRIVATE SPECIFIC TRUST (FAMILY TRUST) CREATED
FOR BENEFIT OF CHILD ie SAMIKSHA ROONGTA DURING ... TRUSTEES
SH. SANDEEP ROONGTA AND SMT SAPNA ROONGTA. ASSESSEE WAS AN
PRIVATE SPECIFIC TRUST HAVING ONLY INCOME FROM OTHER SOURCE
LE INTEREST INCOME AND GIFT
filed the written
submissions, which reads as follows :
ASSESSEE WAS AN PRIVATE SPECIFIC TRUST (FAMILY TRUST) CREATED
FOR BENEFIT OF CHILD ie SAMIKSHA ROONGTA DURING ... TRUSTEES
SH. SANDEEP ROONGTA AND SMT SAPNA ROONGTA. ASSESSEE WAS AN
PRIVATE SPECIFIC TRUST HAVING ONLY INCOME FROM OTHER SOURCE
LE INTEREST INCOME AND GIFT
filed the written
submissions, which reads as follows :
ASSESSEE WAS AN PRIVATE SPECIFIC TRUST (FAMILY TRUST) CREATED
FOR BENEFIT OF CHILD ie SAMIKSHA ROONGTA DURING ... TRUSTEES
SH. SANDEEP ROONGTA AND SMT SAPNA ROONGTA. ASSESSEE WAS AN
PRIVATE SPECIFIC TRUST HAVING ONLY INCOME FROM OTHER SOURCE
LE INTEREST INCOME AND GIFT
which is extracted hereunder:-
"In the case of Goyal Private Family Specific Trust [1988] 171 ITR 698, this court has held that the order ... held by this Court in the case of Goyal Private Family Specific Trust [1988] 171 ITR 698, we are of the considered opinion that merely
Trust (1987) 167 ITR 129 (Raj)
(5) CIT v. Goya) Private Family Specific Trust (1988) 171 ITR 698 (All)
(6) CIT v. Sakthi Charities ... Goyal Private Family Specific Trust (supra). We find that while passing the impugned order, the CIT was not on sure ground, and he has merely
following decisions:
1. Commissioner of Income Tax v. V. Goyal Private Family Specific Trust ;
2. Commissioner of Income Tax v. Belal Nisa ... beyond the prescribed period.
8. In the case of Goyal Private Family Specific Trust (supra) this Court has held that the order of the Income
