https://www.taxtmi.com/caselaws?id=290909 Contemporaneous beechak and promissory note were construed together and found to show an intention that payment come out of the timber in the Unadi Jungle, creating an equitable charge rather than a mere fixing of time for payment. The charge was held capable of attaching to future or after-acquired property and to a fund not yet in existence, so long as the property could later come into existence. Expressions directing payment out of a particular fund were treated as sufficient to create the charge when the fund arose. Section 100 of the Transfer of Property Act, 1882 was noted as not controlling the matter in Punjab, so the result turned on equity. The equitable charge was upheld. en-us Mon, 17 Dec 1928 00:00:00 +0530 Wed, 21 Oct 2020 10:57:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290909 Contemporaneous beechak and promissory note were construed together and found to show an intention that payment come out of the timber in the Unadi Jungle, creating an equitable charge rather than a mere fixing of time for payment. The charge was held capable of attaching to future or after-acquired property and to a fund not yet in existence, so long as the property could later come into existence. Expressions directing payment out of a particular fund were treated as sufficient to create the charge when the fund arose. Section 100 of the Transfer of Property Act, 1882 was noted as not controlling the matter in Punjab, so the result turned on equity. The equitable charge was upheld. Case-Laws Indian Laws Mon, 17 Dec 1928 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290909