https://www.taxtmi.com/caselaws?id=200514 The doctrine of acceleration applies in India to private trusts, including inter vivos settlements, where a prior life interest ends prematurely and the settlor has shown no contrary intention. The Indian Trusts Act, 1882 contains no express rule on the point, but a subsequent vested interest may be accelerated when the prior interest is released. On the trust deed considered, the direction to distribute the property as if the beneficiary had died intestate only identified the beneficiary class and did not create a contrary intention or a resulting trust. The heirs entitled on intestacy therefore took vested interests, and the trustees had to distribute the corpus and unapplied income to that class. en-us Thu, 09 Jul 1970 00:00:00 +0530 Mon, 02 Apr 2018 10:35:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200514 The doctrine of acceleration applies in India to private trusts, including inter vivos settlements, where a prior life interest ends prematurely and the settlor has shown no contrary intention. The Indian Trusts Act, 1882 contains no express rule on the point, but a subsequent vested interest may be accelerated when the prior interest is released. On the trust deed considered, the direction to distribute the property as if the beneficiary had died intestate only identified the beneficiary class and did not create a contrary intention or a resulting trust. The heirs entitled on intestacy therefore took vested interests, and the trustees had to distribute the corpus and unapplied income to that class. Case-Laws Indian Laws Thu, 09 Jul 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200514