https://www.taxtmi.com/caselaws?id=26621 Where trustees, with the beneficiaries' consent, substituted monthly cash payments for supplying food under a trust deed because the original mode of performance had become impracticable, the payments were treated as discharge of the trust obligation rather than the trustees' separate income. The trust duty to provide food remained operative, and the trustees could rely on the power to modify directions under the Indian Trusts Act to carry out the settlor's intention. Because the beneficiaries were identifiable and the amounts payable were certain, the case did not involve indeterminate or unknown beneficiaries. The trustees were therefore assessable only in a representative capacity, and the cash payments were not separately taxable as their income. en-us Wed, 09 Apr 1980 00:00:00 +0530 Sat, 06 Feb 2010 13:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26621 Where trustees, with the beneficiaries' consent, substituted monthly cash payments for supplying food under a trust deed because the original mode of performance had become impracticable, the payments were treated as discharge of the trust obligation rather than the trustees' separate income. The trust duty to provide food remained operative, and the trustees could rely on the power to modify directions under the Indian Trusts Act to carry out the settlor's intention. Because the beneficiaries were identifiable and the amounts payable were certain, the case did not involve indeterminate or unknown beneficiaries. The trustees were therefore assessable only in a representative capacity, and the cash payments were not separately taxable as their income. Case-Laws Income Tax Wed, 09 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26621