hands of the settlor i.e. in the
present case the estate of the deceased settlor. Merely because the
beneficiary has disputed the assessment ... estate of the deceased
settlor. The revenue has an option to tax either the trustees or the
beneficiaries depending on the circumstances prevailing on each
drawn on the terms through which the
settlors have settled the shares in favour of the beneficiaries vide
N.S.Patel Familys Children Trust- DECLARATION ... affection, the Settlors do hereby settle the
following equity shares held by the respective shareholders for
the benefit of the Beneficiaries as described in this
drawn on the terms through which the settlors
have settled the shares in favour of the beneficiaries vide N.S.Patel
Family s Children Trust ... affection, the Settlors do
hereby settle the following equity shares held by the respective
shareholders for the benefit of the Beneficiaries as described in
this
drawn on the terms through which the settlors
have settled the shares in favour of the beneficiaries vide N.S.Patel
Family s Children Trust ... affection, the Settlors do
hereby settle the following equity shares held by the respective
shareholders for the benefit of the Beneficiaries as described in
this
drawn on the terms through which the
settlors have settled the shares in favour of the beneficiaries vide
N.S.Patel Familys Children Trust- DECLARATION ... affection, the Settlors do hereby settle the
following equity shares held by the respective shareholders for
the benefit of the Beneficiaries as described in this
discretion and distribute the income in favour of any of
the beneficiaries, i.e. the assessee, such income cannot
be said to be received ... Trusts is concerned, it is an admitted position that
neither the Settlor nor the present appellant has
appointed any additional Trustee. It is also
