https://www.taxtmi.com/caselaws?id=27681 The High Court held that the executors were not to be assessed as trustees during the assessment year in question, as the trust for charitable purposes had not yet come into existence. The court determined that the executors should be assessed in the capacity of an executor until the residue is ascertained and the trust is created. The court referred to a similar case and emphasized that the trust would only be established after the estate had been converted into cash. The Revenue's questions were answered in favor of the Revenue, and the assessee was ordered to pay the costs of the reference. en-us Wed, 28 Sep 1983 00:00:00 +0530 Mon, 15 Feb 2010 13:27:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27681 The High Court held that the executors were not to be assessed as trustees during the assessment year in question, as the trust for charitable purposes had not yet come into existence. The court determined that the executors should be assessed in the capacity of an executor until the residue is ascertained and the trust is created. The court referred to a similar case and emphasized that the trust would only be established after the estate had been converted into cash. The Revenue's questions were answered in favor of the Revenue, and the assessee was ordered to pay the costs of the reference. Case-Laws Income Tax Wed, 28 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27681