https://www.taxtmi.com/caselaws?id=24558 A beneficiary may relinquish a vested beneficial life interest in trust property during coverture where the settlement uses "without power of anticipation" as a restraint on alienation rather than an absolute bar on surrender. Section 9 of the Indian Trusts Act, 1882 is enabling, and a release deed is valid if it does not amount to a prohibited transfer and merely extinguishes the prior interest. Where the successor interests are already vested and no contrary intention appears in the trust deed, the surrender accelerates their enjoyment. After a valid release, no trust income accrues to the beneficiary and the extinguished life interest cannot be included in her net wealth. en-us Fri, 18 Nov 1988 00:00:00 +0530 Wed, 20 Jan 2010 18:38:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24558 A beneficiary may relinquish a vested beneficial life interest in trust property during coverture where the settlement uses "without power of anticipation" as a restraint on alienation rather than an absolute bar on surrender. Section 9 of the Indian Trusts Act, 1882 is enabling, and a release deed is valid if it does not amount to a prohibited transfer and merely extinguishes the prior interest. Where the successor interests are already vested and no contrary intention appears in the trust deed, the surrender accelerates their enjoyment. After a valid release, no trust income accrues to the beneficiary and the extinguished life interest cannot be included in her net wealth. Case-Laws Income Tax Fri, 18 Nov 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24558