The moneys payable as aforesaid to such of my sons as are minors shall until they attain the age of majority be respectively invested (after defraying the expenses of their maintenance and education) in proper securities or in landed property in Calcutta and such securities or property shall be 667 made over to the said sons on their respectively attaining the age of majority." This Court held that the right of the beneficiary to receive an aliquot share of the net income of the properties was an asset covered by the definition of section 2(e) of the Act and not a mere 'annuity ' and affirmed the decision of the Calcutta High Court in Ahmed G. H. Ariff vs Commissioner of Wealth Tax Calcutta.(1) In the case of Mrs. Arundhati Balkrishna (supra) to which one of us was a party, under two trusts created by the father of the assessee and one trust created by her mother in law, she was to be paid annually the net income of each of the trusts after deducting costs and expenses of administration of the trust.