https://www.taxtmi.com/caselaws?id=38243 Trust and estate income applied under a will to multiple family beneficiaries, married daughters, their children, and charitable or educational purposes was treated as income of indeterminate shares where no fixed proportions or quantified entitlements were allocated. The pecuniary legacies and specified payments to named beneficiaries were ascertainable, but the balance of income from the Dadar property and the residuary estate could not be claimed by any beneficiary as a specific share for the relevant year. That balance was therefore assessable at the maximum rate under the proviso to section 41(1) of the Indian Income-tax Act, 1922. en-us Wed, 03 Aug 1977 00:00:00 +0530 Mon, 05 Apr 2010 11:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38243 Trust and estate income applied under a will to multiple family beneficiaries, married daughters, their children, and charitable or educational purposes was treated as income of indeterminate shares where no fixed proportions or quantified entitlements were allocated. The pecuniary legacies and specified payments to named beneficiaries were ascertainable, but the balance of income from the Dadar property and the residuary estate could not be claimed by any beneficiary as a specific share for the relevant year. That balance was therefore assessable at the maximum rate under the proviso to section 41(1) of the Indian Income-tax Act, 1922. Case-Laws Income Tax Wed, 03 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38243