https://www.taxtmi.com/caselaws?id=36543 The court held that the trust fund was to be assessed under Section 21(1) of the Wealth-tax Act, 1957, for the actuarial valuation of monthly payments to beneficiaries and under Section 21(4) for the total beneficial interests of remaindermen. Beneficiaries' interests were deemed determinate due to fixed amounts specified in the trust deed. Separate assessments under Sections 21(1) and 21(4) were required. The court's decision aligned with the Tribunal's order, upholding the method of assessment outlined. The trustees were directed to be assessed accordingly, with no costs awarded and advocate's fee set at Rs. 250 in each case. en-us Thu, 02 Feb 1978 00:00:00 +0530 Tue, 23 Mar 2010 10:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36543 The court held that the trust fund was to be assessed under Section 21(1) of the Wealth-tax Act, 1957, for the actuarial valuation of monthly payments to beneficiaries and under Section 21(4) for the total beneficial interests of remaindermen. Beneficiaries' interests were deemed determinate due to fixed amounts specified in the trust deed. Separate assessments under Sections 21(1) and 21(4) were required. The court's decision aligned with the Tribunal's order, upholding the method of assessment outlined. The trustees were directed to be assessed accordingly, with no costs awarded and advocate's fee set at Rs. 250 in each case. Case-Laws Wealth-tax Thu, 02 Feb 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36543