sale of jewellery cannot alter the position and accelerate the devolution of the interest of the ultimate beneficiaries.
9. The learned counsel for the assessee ... trust deed continues to be in force according to which devolution of interest on the ultimate beneficiaries will take place only on the death
interest for the period of five years on such loans,
provided the society agrees to set apart an amount equivalent to the said
interest ... beneficiary is always society. The issue under consideration is the
devolution interest earned on such funds set apart by society in fixed
deposits.
19. According
interest for the period of five years on such loans,
provided the society agrees to set apart an amount equivalent to the said
interest ... beneficiary is always society. The issue under consideration is the
devolution interest earned on such funds set apart by society in fixed
deposits.
19. According
interest for the period of five years on such loans,
provided the society agrees to set apart an amount equivalent to the said
interest ... beneficiary is always society. The issue under consideration is the
devolution interest earned on such funds set apart by society in fixed
deposits.
19. According
interest for the period of five years on such loans,
provided the society agrees to set apart an amount equivalent to the said
interest ... beneficiary is always society. The issue under consideration is the
devolution interest earned on such funds set apart by society in fixed
deposits.
19. According
interest for the period of five years on such loans,
provided the society agrees to set apart an amount equivalent to the said
interest ... beneficiary is always society. The issue under consideration is the
devolution interest earned on such funds set apart by society in fixed
deposits.
19. According
interest for the period of five years on such loans,
provided the society agrees to set apart an amount equivalent to the said
interest ... beneficiary is always society. The issue under consideration is the
devolution interest earned on such funds set apart by society in fixed
deposits.
19. According
dispose of the benefits arising under the policy. There is no devolution of interest in such a case from the deceased to another person. From ... representative of the deceased and there was no question of any devolution of interest in such a case from the deceased to another person. Therefore
nature of her interest was examined and it was found that her limited interest became absolute interest on coming into force ... Hindu Succession Act, 1956 made a radical departure in the devolution of interest of a coparcener in coparcenary property on his death. There
only for the purposes of this section namely, devolution of interest of the deceased in coparcenary property and would not bring about total disruption ... purposes of Section 6 . Section 7 sets out the mode of devolution of interest in a coparcenary property. Thus, the fiction created by the proviso
