https://www.taxtmi.com/caselaws?id=29576 Where a trust deed leaves beneficiaries' shares indeterminate or unknown, section 164(1) of the Income-tax Act applies even if the trust income is below the stated monetary threshold, because the statutory condition turns on the nature of the beneficial interest, not the size of the income. A supplementary deed executed by trustees cannot validly alter the original settlement or confine the beneficiaries to named persons unless the trust instrument or law gives that power; trustees must administer the trust according to its original terms. On the original deed, the beneficiaries' shares were not fixed with certainty, so the trust fell within section 164(1). en-us Fri, 24 Oct 1980 00:00:00 +0530 Sat, 13 Mar 2010 17:48:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29576 Where a trust deed leaves beneficiaries' shares indeterminate or unknown, section 164(1) of the Income-tax Act applies even if the trust income is below the stated monetary threshold, because the statutory condition turns on the nature of the beneficial interest, not the size of the income. A supplementary deed executed by trustees cannot validly alter the original settlement or confine the beneficiaries to named persons unless the trust instrument or law gives that power; trustees must administer the trust according to its original terms. On the original deed, the beneficiaries' shares were not fixed with certainty, so the trust fell within section 164(1). Case-Laws Income Tax Fri, 24 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29576