https://www.taxtmi.com/news?id=820 Where a trust instrument identifies beneficiaries and apportions beneficial interests, and beneficiaries have no present right to receive the income in the relevant year, the special charge applicable when beneficiary shares are unknown is inapplicable; trustees, as representative assessees, are liable only to the same extent and in the same manner as the beneficiaries could have been assessed, and cannot bear greater tax liability where identities and shares are determinate. en-us Sun, 03 May 2009 16:09:40 +0530 Sun, 03 May 2009 16:09:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=820 Where a trust instrument identifies beneficiaries and apportions beneficial interests, and beneficiaries have no present right to receive the income in the relevant year, the special charge applicable when beneficiary shares are unknown is inapplicable; trustees, as representative assessees, are liable only to the same extent and in the same manner as the beneficiaries could have been assessed, and cannot bear greater tax liability where identities and shares are determinate. News - Sun, 03 May 2009 16:09:40 +0530 https://www.taxtmi.com/news?id=820