https://www.taxtmi.com/caselaws?id=26746 Section 168(4) of the Income-tax Act, 1961 contemplates assessment of estate income in a beneficiary's hands only after a completed distribution or application in the statutory sense. Income credited by an executrix to her personal bank account was not treated as a valid distribution to a residuary legatee while the estate remained under administration. Unpaid estate duty showed that the estate had not been fully administered and the residue had not been finally ascertained. The fact that the executrix and residuary legatee were the same person did not alter the position. Estate income of an unadministered estate was therefore not assessable in the hands of the residuary legatee. en-us Mon, 24 Jun 1985 00:00:00 +0530 Mon, 08 Feb 2010 12:34:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26746 Section 168(4) of the Income-tax Act, 1961 contemplates assessment of estate income in a beneficiary's hands only after a completed distribution or application in the statutory sense. Income credited by an executrix to her personal bank account was not treated as a valid distribution to a residuary legatee while the estate remained under administration. Unpaid estate duty showed that the estate had not been fully administered and the residue had not been finally ascertained. The fact that the executrix and residuary legatee were the same person did not alter the position. Estate income of an unadministered estate was therefore not assessable in the hands of the residuary legatee. Case-Laws Income Tax Mon, 24 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26746