https://www.taxtmi.com/caselaws?id=18062 The court affirmed that Smt. Oolia Kulsum was the sole beneficiary with a determinate interest under the trust deed, leading to the assets being taxable under section 21(1) of the Wealth-tax Act for the assessment year 1979-80. The court upheld the Income-tax Appellate Tribunal's decision, emphasizing that Smt. Oolia Kulsum's interest was specific and not indeterminate, thus dismissing the Revenue's challenge and concluding no referable question of law arose. en-us Thu, 07 Nov 1996 00:00:00 +0530 Sat, 26 Sep 2009 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18062 The court affirmed that Smt. Oolia Kulsum was the sole beneficiary with a determinate interest under the trust deed, leading to the assets being taxable under section 21(1) of the Wealth-tax Act for the assessment year 1979-80. The court upheld the Income-tax Appellate Tribunal's decision, emphasizing that Smt. Oolia Kulsum's interest was specific and not indeterminate, thus dismissing the Revenue's challenge and concluding no referable question of law arose. Case-Laws Wealth-tax Thu, 07 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18062