Meaning of tax terms

Meaning of “Beneficiaries”

Posted on by Prashant Thakur

Case Name : ITO  Vs.  Gosar family trust

Citation : [1988] 30 TTJ (ahd. – Trib.) 383

Court : ITAT-Ahmedabad

Section : 159 to 179

Meaning : The word ‘beneficiaries’ as mentioned in section 164 does not include corpus beneficiaries.

Prashant Thakur

The author has spent more than 30 years in the field of taxation. Wrote four books -3 on on Indian Tax Law and 1 on US tax law for cryptocurrency. Apart from https:taxworry.com , he also writes on https://irstaxapp.com which is for US tax laws. He is a tech enthusiast and manages a cloud computing company that publishes innovative software.

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