https://www.taxtmi.com/caselaws?id=49310 Section 41 of the Income-tax Act, 1922 applies where income is received or managed on behalf of identifiable beneficiaries, and the decisive test is representative receipt rather than vesting of legal title. The Durgha's managing trustee or nattamaigars had only administrative control, no beneficial interest in the surplus, and the balance after expenses was held for the kasupangudars in definite shares. The surplus was therefore assessable in their hands in a representative capacity, with the result stated in favour of the assessee. en-us Thu, 08 Apr 1965 00:00:00 +0530 Wed, 20 Aug 2014 09:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49310 Section 41 of the Income-tax Act, 1922 applies where income is received or managed on behalf of identifiable beneficiaries, and the decisive test is representative receipt rather than vesting of legal title. The Durgha's managing trustee or nattamaigars had only administrative control, no beneficial interest in the surplus, and the balance after expenses was held for the kasupangudars in definite shares. The surplus was therefore assessable in their hands in a representative capacity, with the result stated in favour of the assessee. Case-Laws Income Tax Thu, 08 Apr 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49310