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DCIT vs. India Advantage Fund-VII (ITAT Bangalore)

COURT:
CORAM: ,
SECTION(S): , , , ,
GENRE:
CATCH WORDS: , , , ,
COUNSEL:
DATE: October 17, 2014 (Date of pronouncement)
DATE: October 18, 2014 (Date of publication)
AY: 2008-09
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CITATION:
Entire law on taxation of private specific/ discretionary trusts under revocable & irrevocable transfers and AOPs explained

(i) Private Trusts could be Fixed or Discretionary Trusts. A fixed trust is a trust in which the beneficiaries have a current fixed entitlement to such income as remains after proper exercise of the trustee’s powers. On the other hand,

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