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The Madras High Court through a detailed and illuminating judgment in the case of CIT vs. Shriram Ownership Trust [2020] 122 taxmann.com 155 (Madras) held that “where trustees of assessee-discretionary trust were appointed under Deed of Trust to benefit members of owner group and senior leader group of S Group who were identified as beneficiaries and all six concerns who contributed Rs. 25 Crores formed part of S Group, in view of fact that donation which was given to Trust were for benefit of pThe Madras High Court through a detailed and illuminating judgment in the case of CIT vs. Shriram Ownership Trust [2020] 122 taxmann.com 155 (Madras) held that “where trustees of assessee-discretionary trust were appointed under Deed of Trust to benefit members of owner group and senior leader group of S Group who were identified as beneficiaries and all six concerns who contributed Rs. 25 Crores formed part of S Group, in view of fact that donation which was given to Trust were for benefit of ptaxmann.com Latest ArticlesRead More