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Sm. Suhashini Karuri And Anr. vs Wealth Tax Officer, 'D' Ward And Anr. on 23 November, 1961

9. The words "on behalf of" used in the sub-section came up for consideration in Suhashini Karuri v. Wealth Tax Ofl'icer. AIR 1962 Cal 295. Sinlia J. after a detailed discussion of all the points involved, came to the conclusion that the words "on behalf of" used in the sub-section were synonymous with the expression "for the benefit of", and that notwithstanding that trustees hold property for the benefit of beneficiaries and not on their in-half, Section 21(1) applied to them and that they were liable to pay wealth-tax in the like manner and to the same extent as it would be leviable upon and recoverable from the bene fieiaries. We are in agreement with this con elusion
Calcutta High Court Cites 20 - Cited by 17 - Full Document
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