https://www.taxtmi.com/caselaws?id=22078 A trust for the benefit of five specified deities was held to attract assessment as a trust with determinate shares because, although the deed did not express individual proportions, general law treated the deities as taking equally when no shares were stated. The additional reference to other religious charities did not create a separate beneficiary or make the deities' entitlements indeterminate. Authorities on true discretionary trusts or mixed charitable objects were distinguished, as the trustee's limited discretion over ancillary charities did not affect the beneficiaries' core shares. The result was that section 21(4) of the Wealth-tax Act was inapplicable and the trust fell within section 21(1). en-us Fri, 19 Apr 1991 00:00:00 +0530 Sat, 05 Dec 2009 18:39:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22078 A trust for the benefit of five specified deities was held to attract assessment as a trust with determinate shares because, although the deed did not express individual proportions, general law treated the deities as taking equally when no shares were stated. The additional reference to other religious charities did not create a separate beneficiary or make the deities' entitlements indeterminate. Authorities on true discretionary trusts or mixed charitable objects were distinguished, as the trustee's limited discretion over ancillary charities did not affect the beneficiaries' core shares. The result was that section 21(4) of the Wealth-tax Act was inapplicable and the trust fell within section 21(1). Case-Laws Wealth-tax Fri, 19 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22078