The assessee is  a discretionary trust, which held investments mainly for its beneficiary, i.e., Reliance Industrial Investments and Holdings Limited ( R) .  Since  Reliance Industrial Investments and Holdings Limited  being a limited company opted to be taxed under the new tax regime under section 115BAA by filing Form 10-IC claiming to be taxed at the rate of 22 per cent plus applicable surcharge and CESS. The assessee being a representative assessee, claimed to be taxed at same rate applicable to its beneficiary. The  claim was dismissed as the assessee was not treated as a representative assessee. On appeal, the Commissioner (Appeals) accepted the status of the assessee as a representative assessee and held that since the assessee was a determinate trust with ‘R’ as its sole and 100 per cent beneficiary and settler and as ‘R’ had opted to be taxed under the new tax regime at the rate of 22 per cent being a representative assessee under section 161, the assessee was also liable to be taxed at the same rate, i.e., at the rate of 22 per cent plus applicable surcharge and cess. Order of CIT(A) is affirmed by the Tribunal . Tribunal followed the Mrs. Amy F. Cama v. CIT(1999) 237 ITR 82 ( Bom)( HC) . ( AY. 2021 -22)