https://www.taxtmi.com/caselaws?id=29003 Income received through the manager of the Court of Wards, Bettiah Estate, was treated as assessable on that manager, because the estate income was still being managed for the estate and the earlier basis of escheat had been displaced. The income was also chargeable at the maximum rate under section 41(1) of the Indian Income-tax Act, 1922, because the persons ultimately entitled to the estate had not yet been finally ascertained and their shares remained indeterminate or unknown while the succession dispute was still pending. The assessment on the manager and the application of the maximum rate were therefore sustained. en-us Mon, 27 Jul 1981 00:00:00 +0530 Wed, 10 Mar 2010 11:29:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29003 Income received through the manager of the Court of Wards, Bettiah Estate, was treated as assessable on that manager, because the estate income was still being managed for the estate and the earlier basis of escheat had been displaced. The income was also chargeable at the maximum rate under section 41(1) of the Indian Income-tax Act, 1922, because the persons ultimately entitled to the estate had not yet been finally ascertained and their shares remained indeterminate or unknown while the succession dispute was still pending. The assessment on the manager and the application of the maximum rate were therefore sustained. Case-Laws Income Tax Mon, 27 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29003