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1961 (4) TMI 125 - MADRAS HIGH COURTExtract: ....... beneficiary under section 41(2), the law contemplates that in a case such as this the assessment shall be made on the manager only to the extent of the interest of the beneficiary in the income received by the manager. On the facts, we answer the question in the affirmative and in favour of the assessee. The assessee will be entitled to his costs.
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