https://www.taxtmi.com/caselaws?id=49245 A trust deed that transfers property to trustees and directs income for the trustees and other beneficiaries vests the property in the trustees. On that construction, the agricultural income-tax provision for a person holding land partly for his own benefit and partly for beneficiaries applied, not the provision confined to common managers, receivers, administrators, or similar persons holding on behalf of jointly interested owners. The assessment was therefore made under section 12 of the Assam Agricultural Income-tax Act, 1939, rather than section 13, and the referred question was answered against the assessee. en-us Tue, 16 Nov 1965 00:00:00 +0530 Tue, 19 Aug 2014 08:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49245 A trust deed that transfers property to trustees and directs income for the trustees and other beneficiaries vests the property in the trustees. On that construction, the agricultural income-tax provision for a person holding land partly for his own benefit and partly for beneficiaries applied, not the provision confined to common managers, receivers, administrators, or similar persons holding on behalf of jointly interested owners. The assessment was therefore made under section 12 of the Assam Agricultural Income-tax Act, 1939, rather than section 13, and the referred question was answered against the assessee. Case-Laws Indian Laws Tue, 16 Nov 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49245