https://www.taxtmi.com/caselaws?id=28825 A trust is valid under the Indian Trusts Act, 1882 where beneficial interests are vested in persons distinct from the trustees and the beneficiaries' shares are defined; the inclusion of minor beneficiaries does not defeat the trust. A karta's transfer of joint family property to a trust is not void merely because it may be impeachable as voidable, and it is not forbidden by Hindu law or the Hindu Minority and Guardianship Act, 1956 solely because minors have an interest. Where the beneficiaries are identifiable and their shares are determinate, the trust income is assessable under the representative-assessee scheme in the hands of the trustee, and section 164 does not apply. en-us Tue, 01 Jun 1982 00:00:00 +0530 Fri, 26 Feb 2010 11:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28825 A trust is valid under the Indian Trusts Act, 1882 where beneficial interests are vested in persons distinct from the trustees and the beneficiaries' shares are defined; the inclusion of minor beneficiaries does not defeat the trust. A karta's transfer of joint family property to a trust is not void merely because it may be impeachable as voidable, and it is not forbidden by Hindu law or the Hindu Minority and Guardianship Act, 1956 solely because minors have an interest. Where the beneficiaries are identifiable and their shares are determinate, the trust income is assessable under the representative-assessee scheme in the hands of the trustee, and section 164 does not apply. Case-Laws Income Tax Tue, 01 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28825