https://www.taxtmi.com/caselaws?id=11103 The court ruled in favor of the assessee, determining that she was not the legal owner of the Quilon property as per the will but acted as a trustee for her daughters. The capital gains from the property sale were to be assessed in the daughters' hands for their education and marriage expenses, as specified in the will. Despite being a trustee, the assessee was held liable for taxation as a representative assessee under section 160(1)(iv) of the Income-tax Act, ensuring compliance with the terms of the will executed by her father. en-us Wed, 19 Mar 2003 00:00:00 +0530 Fri, 31 Jul 2009 09:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11103 The court ruled in favor of the assessee, determining that she was not the legal owner of the Quilon property as per the will but acted as a trustee for her daughters. The capital gains from the property sale were to be assessed in the daughters' hands for their education and marriage expenses, as specified in the will. Despite being a trustee, the assessee was held liable for taxation as a representative assessee under section 160(1)(iv) of the Income-tax Act, ensuring compliance with the terms of the will executed by her father. Case-Laws Income Tax Wed, 19 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11103