High Court of Bombay Hears Income Tax Appeal on Trust's Status as Association of Persons and Disallowance of Interest under Section 40(b). Assessee, a Private Specific Trust, Contests Tribunal's View that Its Status is AOP Leading to Disallowance of Interest Paid to Beneficiaries Under Section 40(b) of the Income Tax Act, 1961.
3 Apr 2025The appeal arose under Section 260A of the Income Tax Act, 1961 concerning Assessment Year 2002-2003. The appellant, Mehta Jaising Combine, is a priva...
