https://www.taxtmi.com/caselaws?id=288862 A discretionary trust of income did not fall within section 2(1)(b) because the objects' rights were not an ascertainable interest in the whole income and could not be aggregated into one. Estate duty also did not arise under section 1 simpliciter, because the husband's death did not create a new trust, a new class, or a new beneficial arrangement. The original discretionary trust continued unchanged, and the wife merely became the sole surviving object within the same trust purpose. Estate duty was therefore not chargeable on the trust funds, and the appeal succeeded. en-us Wed, 30 Jul 1969 00:00:00 +0530 Fri, 03 Jul 2020 10:44:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288862 A discretionary trust of income did not fall within section 2(1)(b) because the objects' rights were not an ascertainable interest in the whole income and could not be aggregated into one. Estate duty also did not arise under section 1 simpliciter, because the husband's death did not create a new trust, a new class, or a new beneficial arrangement. The original discretionary trust continued unchanged, and the wife merely became the sole surviving object within the same trust purpose. Estate duty was therefore not chargeable on the trust funds, and the appeal succeeded. Case-Laws Indian Laws Wed, 30 Jul 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288862