https://www.taxtmi.com/caselaws?id=272910 Where trust deeds vest property and income in named deities with accounting and corpus provisions, those deities constitute distinct beneficial owners (tenants in common); the trustee is merely the representative for assessment and recovery, so each deity's income must be separately assessed rather than taxing the trustee at the maximum rate. Where the deed lacks an express provision that any portion of income enures for public charitable purposes, discretionary or incidental expenditures for public benefit do not qualify as enurement and cannot be excluded from taxable income; sums spent on charitable objects not specifically directed by the deed are not automatically exempt. 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 deeds vest property and income in named deities with accounting and corpus provisions, those deities constitute distinct beneficial owners (tenants in common); the trustee is merely the representative for assessment and recovery, so each deity's income must be separately assessed rather than taxing the trustee at the maximum rate. Where the deed lacks an express provision that any portion of income enures for public charitable purposes, discretionary or incidental expenditures for public benefit do not qualify as enurement and cannot be excluded from taxable income; sums spent on charitable objects not specifically directed by the deed are not automatically exempt. Case-Laws Income Tax Wed, 21 Aug 1946 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272910