https://www.taxtmi.com/caselaws?id=49651 The court held that the trustees did not hold the land on behalf of the beneficiaries but in their own right for the beneficiaries' benefit. It was clarified that the beneficiaries did not have a joint interest in the land or agricultural income. Therefore, Section 11(1) of the U.P. Agricultural Income-tax Act, 1948, did not apply. The High Court's decision was partly incorrect in stating trustees held the land on behalf of beneficiaries but correct in finding no joint interest among beneficiaries. The appeal was dismissed with costs. en-us Wed, 04 Sep 1957 00:00:00 +0530 Sat, 06 Sep 2014 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49651 The court held that the trustees did not hold the land on behalf of the beneficiaries but in their own right for the beneficiaries' benefit. It was clarified that the beneficiaries did not have a joint interest in the land or agricultural income. Therefore, Section 11(1) of the U.P. Agricultural Income-tax Act, 1948, did not apply. The High Court's decision was partly incorrect in stating trustees held the land on behalf of beneficiaries but correct in finding no joint interest among beneficiaries. The appeal was dismissed with costs. Case-Laws Income Tax Wed, 04 Sep 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49651