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2010 (1) TMI 722 - HC - Wealth-taxAssessment of trust - assessment u/s 21(1) or u/s 21(4) of the wealth tax act - Shares of the beneficiaries of the trust - shares are held by trustees appointed under a Trust - held that:- shares of the beneficiaries of the trust were known and determinate - hence the provisions of Section 21(1) of the Wealth Tax Act would be attracted and not Section 21(4) of the Wealth Tax Act.
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