https://www.taxtmi.com/caselaws?id=19775 A trust deed previously construed by the court was treated as creating determinate and known shares for the three beneficiaries, and that construction was followed here. Because the beneficiaries' interests were ascertainable, assessment had to be made under section 160(1) of the Income-tax Act, 1961, and section 164(1), including Explanation 1 deeming shares unknown, did not apply. The same reasoning that governed the earlier wealth-tax reference was applied to these assessments, and no referable question of law arose. en-us Thu, 20 Oct 1994 00:00:00 +0530 Mon, 09 Nov 2009 15:51:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19775 A trust deed previously construed by the court was treated as creating determinate and known shares for the three beneficiaries, and that construction was followed here. Because the beneficiaries' interests were ascertainable, assessment had to be made under section 160(1) of the Income-tax Act, 1961, and section 164(1), including Explanation 1 deeming shares unknown, did not apply. The same reasoning that governed the earlier wealth-tax reference was applied to these assessments, and no referable question of law arose. Case-Laws Income Tax Thu, 20 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19775