https://www.taxtmi.com/caselaws?id=272912 Whether a gift of income to two Hindu deities without specified shares creates indeterminate interests was decided by applying Hindu law principles that joint tenancy (outside coparcenary) is not recognised and that where a gift is made to two persons without specification they take as tenants in common in equal shares; deities, being juridical persons, are subject to the same rule. Consequently the individual shares are definite and equal and the proviso rendering income taxable at the maximum rate for indeterminate shares does not apply; the assessee is entitled to separate assessment of each deity's share and costs were awarded to the assessee. en-us Thu, 01 Sep 1949 00:00:00 +0530 Thu, 24 May 2018 14:53:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272912 Whether a gift of income to two Hindu deities without specified shares creates indeterminate interests was decided by applying Hindu law principles that joint tenancy (outside coparcenary) is not recognised and that where a gift is made to two persons without specification they take as tenants in common in equal shares; deities, being juridical persons, are subject to the same rule. Consequently the individual shares are definite and equal and the proviso rendering income taxable at the maximum rate for indeterminate shares does not apply; the assessee is entitled to separate assessment of each deity's share and costs were awarded to the assessee. Case-Laws Income Tax Thu, 01 Sep 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272912