life interest in favour of the settlor and further conveys the vested remainder in favour of the settlee on the date of execution ... words to indicate the present vesting of any interest in favour of the daughters and grandehildren of the vested remainder after the life interest
assessee appealed. The AAC held that the assessee had only a vested remainder in the property and the assessee would have become the owner only ... really a life interest of the usual type with a vested remainder on others in the property was given to Ranganayaki Ammal, there could
life interest, whereas the accountable person is entitled to the vested remainder rights after her death. If that is the correct intendment of the bequeathals ... life estate enjoyed by Smt. Meenakshamma and the vested remainder rights in each of the properties covered by the will dated 23-7-1949 passed
settlement retaining life interest in the residential house and conveyed the vested remainder to his son, the accountable person. Since he had only a life
settlement retaining life-interest in the residential house and conveyed the vested remainder to his son, the accountable person. The Madras High Court held that
complainant. The
complainant is having life interest and
children are having vested remainder holders.The
family members entered into Ex.A3 Development Agreement with
ceremonial occasions etc. only during her lifetime. After her death the vested remainder right in the corpus of the jewellery is given to her children
property to his wife (Grandmother of the assessee) and
vested remainder to his son Dr.Krishnamoorthy Srinivas (Father of the
ITA No.2529/Chny/2017
land or building. The
ownership of the immovable property continued to vest ... life tenant nor can it prejudice the vested or
contingent rights of the remainder men, a principle flowing from
sections
vested in interest, though not vested in possession, it becomes vested in possession only on the death of A.
An estate may be vested ... life with remainder to B for life with remainder to C in fee simple, B's estate is vested in interest notwithstanding that
