https://www.taxtmi.com/caselaws?id=168581 Income received by trustees from trust property, business or shares is not to be taxed by ignoring the special scheme for trustees. Section 3 is the charging provision, but sections 9, 10 and 12 govern computation under the relevant heads, while section 41 requires tax to be levied and recovered from trustees only in the like manner and to the same amount as from the beneficiaries. The trustees' liability cannot exceed that of the beneficiaries, and the tax authority cannot bypass section 41 once the assessee is assessed in the character of a trustee. Earlier statements suggesting a departmental option were treated as obiter and not accepted as correct law. en-us Tue, 18 Mar 1958 00:00:00 +0530 Fri, 13 Mar 2015 14:53:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168581 Income received by trustees from trust property, business or shares is not to be taxed by ignoring the special scheme for trustees. Section 3 is the charging provision, but sections 9, 10 and 12 govern computation under the relevant heads, while section 41 requires tax to be levied and recovered from trustees only in the like manner and to the same amount as from the beneficiaries. The trustees' liability cannot exceed that of the beneficiaries, and the tax authority cannot bypass section 41 once the assessee is assessed in the character of a trustee. Earlier statements suggesting a departmental option were treated as obiter and not accepted as correct law. Case-Laws Income Tax Tue, 18 Mar 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168581