1981 (1) TMI 50

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....f the deed of trust, dated October 21, 1959. From a reading of the copy of the document furnished, it is clear that the said extent has come to vest in the trustee, who is none else than the author of the trust and who must hold the lands and utilise the income therefrom for the purposes specified in the said deed. Subsequently under the deed, dated April 1, 1969, an extent of ac. 14'38 out of 30 ....

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....ubbing of the two extents for the purposes of assessment under the Act. Section 3(1) of the Act speaks of charge of agrl. income-tax on the total agrl. income of the previous year of every person. The expression " person " has been defined under S. 2(q) of the Act. So also the expression " to hold " has been defined under S. 2(nn) of the Act. A reading of these provisions clearly conveys to one's ....