https://www.taxtmi.com/caselaws?id=27994 A trust created from property received on partition was held valid because the settlor had full disposal rights over property that had devolved on him under section 8 of the Hindu Succession Act, 1956, and its earlier family origin did not make it ancestral in his hands. The Income-tax Officer was found to have exercised the option to assess the beneficiaries individually, since their trust income had already been included in those assessments and a rectification recital did not make them provisional in substance. For section 164(1), the beneficiaries' shares in the trust income were indeterminate because the deed fixed no income shares and later equal entitlement to corpus did not determine them. en-us Mon, 18 Jul 1983 00:00:00 +0530 Wed, 17 Feb 2010 12:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27994 A trust created from property received on partition was held valid because the settlor had full disposal rights over property that had devolved on him under section 8 of the Hindu Succession Act, 1956, and its earlier family origin did not make it ancestral in his hands. The Income-tax Officer was found to have exercised the option to assess the beneficiaries individually, since their trust income had already been included in those assessments and a rectification recital did not make them provisional in substance. For section 164(1), the beneficiaries' shares in the trust income were indeterminate because the deed fixed no income shares and later equal entitlement to corpus did not determine them. Case-Laws Income Tax Mon, 18 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27994