2001 (10) TMI 61

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....vered by DR. AR. LAKSHMANAN C. J: -We have perused the order passed by the Income-tax Appellate Tribunal. The answer given by the Tribunal in para. 3 itself is self-evident. The Tribunal has observed that on the death of one of the beneficiaries, Smt. Sushila Devi, five per cent. share in the trust was to be allocated in the name of her heirs whatsoever may be their number and whatever may be t....