https://www.taxtmi.com/caselaws?id=5948 The Supreme Court interpreted trust deeds to determine if beneficiaries received income individually or as representatives of their Hindu undivided families. The Court found the income was intended for individuals, not HUFs, based on the trust deeds' provisions. Rejecting the HUF argument, the Court held the properties devolved on beneficiaries individually, protecting the grandsons' interests. The High Court's interpretation was deemed erroneous, ruling in favor of the Revenue and against the assessees. The appeals were allowed with costs. en-us Mon, 13 Oct 1986 00:00:00 +0530 Sun, 30 Nov 2008 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5948 The Supreme Court interpreted trust deeds to determine if beneficiaries received income individually or as representatives of their Hindu undivided families. The Court found the income was intended for individuals, not HUFs, based on the trust deeds' provisions. Rejecting the HUF argument, the Court held the properties devolved on beneficiaries individually, protecting the grandsons' interests. The High Court's interpretation was deemed erroneous, ruling in favor of the Revenue and against the assessees. The appeals were allowed with costs. Case-Laws Income Tax Mon, 13 Oct 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5948