Trust Assessment Under Wealth Tax Act: Section 21(1) Applies Due to Known Beneficiary Shares, Not Section 21(4).

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....Assessment of trust - assessment u/s 21(1) or u/s 21(4) of the wealth tax act - shares of the beneficiaries of the trust were known and determinate - hence the provisions of Section 21(1) of the Wealth Tax Act would be attracted and not Section 21(4) of the Wealth Tax Act. .... - HC....