Bombay High Court Hears Income Tax Appeal on Status of Private Trust as Association of Persons and Disallowance of Interest Under Section 40(b). The question of law was whether the Tribunal correctly held the trust as an AOP and disallowed interest of Rs.9,40,686/- paid to beneficiaries under Section 40(b) of the Income Tax Act, 1961.
3 Apr 2025This income tax appeal under Section 260A of the Income Tax Act, 1961 was filed by Mehta Jaising Construction (the assessee) challenging the determina...





