Bombay High Court Dismisses Assessee’s Appeal on Status of Private Trust as Association of Persons for Disallowance of Interest under Section 40(b) of Income Tax Act. The Court Holds That the Finding That the Trust Was an Association of Persons Is Not Perverse and No Interference under Section 260A is Warranted, as the Assessee Itself Had Consistently Filed as an AOP.
3 Apr 2025The appeal arose under Section 260A of the Income Tax Act, 1961, from the order of the Income Tax Appellate Tribunal which dismissed the assessee’s ...




