https://www.taxtmi.com/caselaws?id=288896 A will that vests the estate in beneficiaries and assigns executors only managerial functions does not make those executors assessable as an association of individuals for estate income, because mere collection of debts and temporary control under court supervision is not carrying on a business in common. Allowances imposed by the will as obligatory charges on the estate are deductible from estate income, since the amount is diverted at source by overriding title before it becomes income of the assessee. On that reasoning, the estate was not chargeable in the hands of the so-called executors, and the charged allowances were excluded from assessable income. en-us Thu, 16 Mar 1944 00:00:00 +0630 Sat, 04 Jul 2020 14:56:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288896 A will that vests the estate in beneficiaries and assigns executors only managerial functions does not make those executors assessable as an association of individuals for estate income, because mere collection of debts and temporary control under court supervision is not carrying on a business in common. Allowances imposed by the will as obligatory charges on the estate are deductible from estate income, since the amount is diverted at source by overriding title before it becomes income of the assessee. On that reasoning, the estate was not chargeable in the hands of the so-called executors, and the charged allowances were excluded from assessable income. Case-Laws Income Tax Thu, 16 Mar 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=288896