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Case Law Details

Case Name : CIT Vs P. Sekar Trust (Madras High Court)
Related Assessment Year :
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Section 164 gets attracted only when the shares of the beneficiaries are unknown, which is manifest from the marginal heading of that section itself; so long as the trust deed gives the details of the beneficiaries and the description of the person who is to be benefited, the beneficiaries cannot be said to be uncertain, merely because wife/children cannot be known until the marriage and begetting of children by the stated beneficiaries.  RELEVANT PARAGRAPH  17. Section 164 of the Act gets attracts only when the shares of the beneficiaries are unknown, which is manifest from the marginal hea...
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