https://www.taxtmi.com/caselaws?id=286289 The court held that the taxing department was justified in levying tax at the maximum rate as the shares of the beneficiaries in the trust were deemed indeterminate and unknown. This decision affirmed the Tribunal's ruling on the trustees' obligation to pay tax at the maximum rate under the first proviso to Section 41(1) of the Income-tax Act. en-us Fri, 19 Mar 1954 00:00:00 +0530 Wed, 19 Feb 2020 17:15:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286289 The court held that the taxing department was justified in levying tax at the maximum rate as the shares of the beneficiaries in the trust were deemed indeterminate and unknown. This decision affirmed the Tribunal's ruling on the trustees' obligation to pay tax at the maximum rate under the first proviso to Section 41(1) of the Income-tax Act. Case-Laws Income Tax Fri, 19 Mar 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286289