https://www.taxtmi.com/caselaws?id=24376 Where the beneficiaries of an employees' service gratuity trust and their respective shares in the trust income are known and determinate at the end of each accounting year, the income is not treated as arising to indeterminate or unknown beneficiaries. On that footing, the trust income of the gratuity trust was assessable in the hands of the trustees as representative assessees under section 161 of the Income-tax Act, 1961, and section 164 had no application. The principle applied was that certainty of the beneficiary class and their shares governs the mode of assessment. en-us Tue, 22 Nov 1988 00:00:00 +0530 Tue, 19 Jan 2010 15:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24376 Where the beneficiaries of an employees' service gratuity trust and their respective shares in the trust income are known and determinate at the end of each accounting year, the income is not treated as arising to indeterminate or unknown beneficiaries. On that footing, the trust income of the gratuity trust was assessable in the hands of the trustees as representative assessees under section 161 of the Income-tax Act, 1961, and section 164 had no application. The principle applied was that certainty of the beneficiary class and their shares governs the mode of assessment. Case-Laws Income Tax Tue, 22 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24376