https://www.taxtmi.com/caselaws?id=310953 The court concluded that the trustee under the Trust deed dated 19th July 1949 was not assessable to Wealth Tax under Section 21 of the Wealth Tax Act. It determined that the trustee held the assets for the benefit of the beneficiaries, not on their behalf, thus falling outside the scope of Section 21. The reference question was answered in the negative, and the reference was disposed of with no order for costs. en-us Wed, 13 Apr 1966 00:00:00 +0530 Tue, 28 Nov 2023 16:18:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310953 The court concluded that the trustee under the Trust deed dated 19th July 1949 was not assessable to Wealth Tax under Section 21 of the Wealth Tax Act. It determined that the trustee held the assets for the benefit of the beneficiaries, not on their behalf, thus falling outside the scope of Section 21. The reference question was answered in the negative, and the reference was disposed of with no order for costs. Case-Laws Wealth-tax Wed, 13 Apr 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310953