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V.M. Raghavalu Naidu And Sons By ... vs Commissioner Of Income-Tax And Excess ... on 2 February, 1950

In V. M. Raghavalu Naidu & Sons v. Commissioner of Income-tax (1950) 2 M.L.J. 300 : I.T.R. 787, Satyanarayana Rao and Viswanatha Sastri, JJ., elaborately considered the question when executors under a will of a deceased person could be said to become trustees for the legatees. The learned Judges held that executors would not become trustees for the beneficiaries under the will in respect of specific bequests until there is an assent on their part; in the case of residuary legacy until the residue was ascertained and such assent is given.
Madras High Court Cites 17 - Cited by 69 - Full Document
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