https://www.taxtmi.com/caselaws?id=276330 Section 41 of the Indian Income-tax Act, 1922 applied to trustees appointed under a duly executed trust deed who received income on behalf of identified beneficiaries. The provision was treated as creating a representative assessment mechanism, with levy and recovery made in the same manner and to the same extent as from the beneficiaries. The earlier U.P. Agricultural Income-tax Act ruling was distinguished because its language and scheme differed materially. Where the beneficiaries' shares are determinate, the assessment must be made separately for each beneficiary. The trust income was therefore not assessable in the trustee's individual hands under section 10(1). en-us Fri, 18 May 1962 00:00:00 +0530 Tue, 06 Nov 2018 14:52:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276330 Section 41 of the Indian Income-tax Act, 1922 applied to trustees appointed under a duly executed trust deed who received income on behalf of identified beneficiaries. The provision was treated as creating a representative assessment mechanism, with levy and recovery made in the same manner and to the same extent as from the beneficiaries. The earlier U.P. Agricultural Income-tax Act ruling was distinguished because its language and scheme differed materially. Where the beneficiaries' shares are determinate, the assessment must be made separately for each beneficiary. The trust income was therefore not assessable in the trustee's individual hands under section 10(1). Case-Laws Income Tax Fri, 18 May 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276330