https://www.taxtmi.com/caselaws?id=201782 The court held that the sole beneficiary of a trust had the right to revoke the trust upon reaching the age of majority, despite the trust deed specifying a duration until the beneficiary turned 21. Relying on the Indian Trusts Act, which allows beneficiaries to revoke trusts if competent to contract, the court concluded that the trust ceased to exist after the beneficiary's revocation. As a result, no further assessment on the trust was permitted, and the appeals were dismissed. en-us Tue, 12 Feb 2008 00:00:00 +0530 Wed, 02 Jan 2013 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201782 The court held that the sole beneficiary of a trust had the right to revoke the trust upon reaching the age of majority, despite the trust deed specifying a duration until the beneficiary turned 21. Relying on the Indian Trusts Act, which allows beneficiaries to revoke trusts if competent to contract, the court concluded that the trust ceased to exist after the beneficiary's revocation. As a result, no further assessment on the trust was permitted, and the appeals were dismissed. Case-Laws Income Tax Tue, 12 Feb 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201782