Begin typing your search above and press return to search.
![Trust formed for Sole Benefit of an individual is an ‘Individual’ for the purpose of IT Act: ITAT allows reief u/s 54F [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/08/deduction-Section-54F-Taxscan.jpg "Trust formed for Sole Benefit of an individual is an ‘Individual’ for the purpose of IT Act: ITAT allows reief u/s 54F [Read Order]")
Trust formed for Sole Benefit of an individual is an ‘Individual’ for the purpose of IT Act: ITAT allows reief u/s 54F [Read Order]
The Mumbai bench of the ITAT, in Balgopal Trust v. ACIT, held that a trust which is for the sole benefit of an individual, has to be assessed as an...