https://www.taxtmi.com/caselaws?id=49310 The High Court held that the managing trustee of a Durgha in Nagore, Madras State managed the property on behalf of the kasupangudars, leading to the assessment in the hands of the managing trustee to the extent of each kasupangudar's interest. The court emphasized that the income received by the managing trustee was for the benefit of the beneficiaries, regardless of legal ownership. The managing trustee was considered to hold the income on behalf of the kasupangudars, and the appeals were dismissed with costs awarded to the respondent. 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 The High Court held that the managing trustee of a Durgha in Nagore, Madras State managed the property on behalf of the kasupangudars, leading to the assessment in the hands of the managing trustee to the extent of each kasupangudar's interest. The court emphasized that the income received by the managing trustee was for the benefit of the beneficiaries, regardless of legal ownership. The managing trustee was considered to hold the income on behalf of the kasupangudars, and the appeals were dismissed with costs awarded to the respondent. Case-Laws Income Tax Thu, 08 Apr 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49310