https://www.taxtmi.com/caselaws?id=15706 A trust with identified beneficiaries and specified shares was treated as a determinate trust, not a discretionary trust, because the trust deed fixed the beneficiaries and their entitlements. The trust income for the relevant year was distributed to three beneficiaries, who included their respective shares in their individual returns and paid tax accordingly. In the absence of material showing discretionary character, section 164(1) of the Income-tax Act, 1961 was held not to apply to the trust income, and the issue was decided against the Department. en-us Wed, 10 Feb 1999 00:00:00 +0530 Thu, 27 Aug 2009 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15706 A trust with identified beneficiaries and specified shares was treated as a determinate trust, not a discretionary trust, because the trust deed fixed the beneficiaries and their entitlements. The trust income for the relevant year was distributed to three beneficiaries, who included their respective shares in their individual returns and paid tax accordingly. In the absence of material showing discretionary character, section 164(1) of the Income-tax Act, 1961 was held not to apply to the trust income, and the issue was decided against the Department. Case-Laws Income Tax Wed, 10 Feb 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15706