https://www.taxtmi.com/caselaws?id=36631 Section 168 of the Income-tax Act, 1961 fastens liability on the person administering a deceased person's estate until complete distribution, but the residuary legatee's share may be assessed once the residue has been ascertained and has taken concrete shape. The text explains that, where estate duty liability was substantially discharged and only payment remained, the estate could be treated as capable of being handed over to beneficiaries and administration as effectively complete for the relevant assessment years. In that situation, the beneficiary's share of estate income was taxable in his hands despite pending formal distribution. en-us Wed, 25 Jan 1978 00:00:00 +0530 Tue, 23 Mar 2010 15:37:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36631 Section 168 of the Income-tax Act, 1961 fastens liability on the person administering a deceased person's estate until complete distribution, but the residuary legatee's share may be assessed once the residue has been ascertained and has taken concrete shape. The text explains that, where estate duty liability was substantially discharged and only payment remained, the estate could be treated as capable of being handed over to beneficiaries and administration as effectively complete for the relevant assessment years. In that situation, the beneficiary's share of estate income was taxable in his hands despite pending formal distribution. Case-Laws Income Tax Wed, 25 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36631