https://www.taxtmi.com/caselaws?id=24559 The court found the trusts valid and the beneficiaries certain. It held that Section 83 of the Indian Trusts Act was wrongly applied, as the trusts were executable, and contingencies in the trust deeds did not arise. Consequently, share income from the trusts should not be assessed in the assessees' hands. The court ruled in favor of the assessees, with no costs awarded. en-us Tue, 24 Jan 1989 00:00:00 +0530 Wed, 20 Jan 2010 18:40:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24559 The court found the trusts valid and the beneficiaries certain. It held that Section 83 of the Indian Trusts Act was wrongly applied, as the trusts were executable, and contingencies in the trust deeds did not arise. Consequently, share income from the trusts should not be assessed in the assessees' hands. The court ruled in favor of the assessees, with no costs awarded. Case-Laws Income Tax Tue, 24 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24559