https://www.taxtmi.com/caselaws?id=69204 Subsequent information from the officer assessing the trust was treated as sufficient material to reopen an earlier assessment under section 147(b), because the original assessment had been completed without the trust deed and without considering the trust's validity, so the challenge to reopening failed. The trust for the prospective wife of the assessee's minor son was regarded as valid because the beneficiary was ascertainable, the trust purpose and property were sufficiently certain, and the vesting of the interest was structured to occur within the period permitted by the rule against perpetuities. On that basis, the trust was not hit by the rule against perpetuities. en-us Wed, 28 Apr 1976 00:00:00 +0530 Tue, 05 Apr 2011 17:12:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69204 Subsequent information from the officer assessing the trust was treated as sufficient material to reopen an earlier assessment under section 147(b), because the original assessment had been completed without the trust deed and without considering the trust's validity, so the challenge to reopening failed. The trust for the prospective wife of the assessee's minor son was regarded as valid because the beneficiary was ascertainable, the trust purpose and property were sufficiently certain, and the vesting of the interest was structured to occur within the period permitted by the rule against perpetuities. On that basis, the trust was not hit by the rule against perpetuities. Case-Laws Income Tax Wed, 28 Apr 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69204