https://www.taxtmi.com/caselaws?id=276331 A valid trust deed vested the house properties in the trustees, so the trustee received the income in a representative capacity and fell within the scope of section 41 of the Indian Income-tax Act, 1922. Because each beneficiary had a definite and determinable share in the balance of rent after deductions, the proviso for tax at the maximum rate did not apply. The income therefore had to be assessed in separate sums corresponding to the beneficiaries' respective interests, and not as a single aggregate assessment on the assessee. en-us Tue, 22 Dec 1959 00:00:00 +0530 Tue, 06 Nov 2018 14:56:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276331 A valid trust deed vested the house properties in the trustees, so the trustee received the income in a representative capacity and fell within the scope of section 41 of the Indian Income-tax Act, 1922. Because each beneficiary had a definite and determinable share in the balance of rent after deductions, the proviso for tax at the maximum rate did not apply. The income therefore had to be assessed in separate sums corresponding to the beneficiaries' respective interests, and not as a single aggregate assessment on the assessee. Case-Laws Income Tax Tue, 22 Dec 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276331