https://www.taxtmi.com/caselaws?id=190058 Income received by executors during incomplete administration was not chargeable to the residuary beneficiary on the footing that it was received on his behalf or that he later received it as receiver. Until administration is complete, the executors do not hold the estate as trustees for the residuary legatee, and the beneficiary has no vested right in the income of that year. The taxing statute also contained no general power to substitute the beneficiary for the executors in pending assessment proceedings. Notices issued to him in substitution were therefore unauthorised, and the assessment against him was unsustainable. en-us Thu, 08 May 1952 00:00:00 +0530 Thu, 02 Feb 2017 16:44:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190058 Income received by executors during incomplete administration was not chargeable to the residuary beneficiary on the footing that it was received on his behalf or that he later received it as receiver. Until administration is complete, the executors do not hold the estate as trustees for the residuary legatee, and the beneficiary has no vested right in the income of that year. The taxing statute also contained no general power to substitute the beneficiary for the executors in pending assessment proceedings. Notices issued to him in substitution were therefore unauthorised, and the assessment against him was unsustainable. Case-Laws Income Tax Thu, 08 May 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190058