https://www.taxtmi.com/caselaws?id=20312 A beneficiary for trust-tax purposes must have an enforceable right or interest in the income for the relevant year; a mere contingent entitlement to corpus on future distribution is not enough. On the trust deed, the settlor's daughter-in-law had no present right to trust income, so she was not a beneficiary of that income, while the grand-daughters were the only income beneficiaries. The trust therefore fell within clause (i) of the proviso to section 164(1) of the Income-tax Act, 1961, and the trust income could not be assessed as the total income of an association of persons. en-us Mon, 02 Nov 1992 00:00:00 +0530 Fri, 13 Nov 2009 12:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20312 A beneficiary for trust-tax purposes must have an enforceable right or interest in the income for the relevant year; a mere contingent entitlement to corpus on future distribution is not enough. On the trust deed, the settlor's daughter-in-law had no present right to trust income, so she was not a beneficiary of that income, while the grand-daughters were the only income beneficiaries. The trust therefore fell within clause (i) of the proviso to section 164(1) of the Income-tax Act, 1961, and the trust income could not be assessed as the total income of an association of persons. Case-Laws Income Tax Mon, 02 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20312