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
Cyrus Investments Pvt. Ltd. & Anr vs Tata Sons Ltd. & Ors on 18 December
Allahabad High Court in the case of CIT v. Goyal Private Family Specific Trust [1988] 171 ITR 698 at 701 for the proposition that ... Allahabad High Court in the case of Goyal Private Family Specific Trust (supra), has held that the jurisdiction assumed by the ld. Commissioner
Mohammed Omer Family Trust vs Income-Tax Officer on 21 October, 1991
Equivalent citations: [1992
assessee, Indian Corporate Loan Securitisation Trust 2008
Series 14 is a trust, formed vide Trust Deed dated 20th May, 2008 settled ... trust, formed by ITCL by means of
Trust Deed dated 20th May, 2008. Thus, the assessee is a private specific
trust. The beneficiaries
