https://www.taxtmi.com/caselaws?id=28552 A beneficiary may transfer her beneficial interest in trust property unless a specific statutory bar applies; here, the proviso to section 58 of the Indian Trusts Act did not apply because the interest was created before marriage, so the transfer was valid. Once the beneficiary and remaindermen validly transferred their interests, the trust's purpose could no longer be carried out and it stood extinguished under section 77. Section 9, dealing with disclaimer, was inapplicable because the transaction involved transfer, not renunciation. The minors' remainderman interest was treated as a transferable legal interest, and section 6(a) of the Transfer of Property Act did not invalidate the transfer. en-us Sat, 19 Mar 1983 00:00:00 +0530 Tue, 23 Feb 2010 15:43:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28552 A beneficiary may transfer her beneficial interest in trust property unless a specific statutory bar applies; here, the proviso to section 58 of the Indian Trusts Act did not apply because the interest was created before marriage, so the transfer was valid. Once the beneficiary and remaindermen validly transferred their interests, the trust's purpose could no longer be carried out and it stood extinguished under section 77. Section 9, dealing with disclaimer, was inapplicable because the transaction involved transfer, not renunciation. The minors' remainderman interest was treated as a transferable legal interest, and section 6(a) of the Transfer of Property Act did not invalidate the transfer. Case-Laws Income Tax Sat, 19 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28552