https://www.taxtmi.com/caselaws?id=272910 Where trust property vests in named deities with ascertainable shares, the income is attributable to each beneficiary separately and cannot be assessed at the maximum rate as though it belonged to an undivided body; the trustee's role in collection and administration does not displace the deities' beneficial ownership. The income had to be assessed separately on each deity's share. Sums applied by trustees to charitable purposes not specifically directed by the deed were not exempt under the 1922 Act, because a vague or indefinite charitable application did not satisfy the requirement of a definite trust direction for public benefit. Those amounts remained taxable. en-us Wed, 21 Aug 1946 00:00:00 +0530 Thu, 24 May 2018 14:40:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272910 Where trust property vests in named deities with ascertainable shares, the income is attributable to each beneficiary separately and cannot be assessed at the maximum rate as though it belonged to an undivided body; the trustee's role in collection and administration does not displace the deities' beneficial ownership. The income had to be assessed separately on each deity's share. Sums applied by trustees to charitable purposes not specifically directed by the deed were not exempt under the 1922 Act, because a vague or indefinite charitable application did not satisfy the requirement of a definite trust direction for public benefit. Those amounts remained taxable. Case-Laws Income Tax Wed, 21 Aug 1946 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272910