https://www.taxtmi.com/caselaws?id=169666 Waqf beneficiaries with definite and determinable shares were not to be assessed as an association of persons. Where each beneficiary's share in the relevant accounting year was equal and separately computable, the first proviso to section 41(1) did not apply because the shares were neither indeterminate nor unknown. Tax therefore had to be computed separately on each beneficiary's share of income at the rate applicable to that beneficiary's total income, and the mutawalli was liable on that basis. en-us Thu, 14 Dec 1944 00:00:00 +0630 Wed, 29 Apr 2015 14:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169666 Waqf beneficiaries with definite and determinable shares were not to be assessed as an association of persons. Where each beneficiary's share in the relevant accounting year was equal and separately computable, the first proviso to section 41(1) did not apply because the shares were neither indeterminate nor unknown. Tax therefore had to be computed separately on each beneficiary's share of income at the rate applicable to that beneficiary's total income, and the mutawalli was liable on that basis. Case-Laws Income Tax Thu, 14 Dec 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=169666