Commissioner Of Income-Tax vs Deepak Family Trust No. 1 And Ors.
This case features Deciphering if the assessee is a discretionary trust and entitles to deductions under section 80L of the Act.The court ruling in favour of the petitioner recognises a discretionary trust as meeting the legal standard as an individual and thus entitled to the benefit of deductions under section 80L of the Act. The verdict features a rich discussion of previously established judicial interpretations singling out the Calcutta High Court opinion.
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Kerala High Court