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"105. Ultimate dissolution of Trust, and transfer of its assets and liabilities to the Municipal Board. -
(1) When all schemes sanctioned under this Act have been executed or have been so far executed as to render the continued existence of the Trust, in the opinion of the State Bhiwadi Integrated Development Authority vs. CIT(E) Government, unnecessary, the State Government may by notification declare that the Trust shall be dissolved from such date as may be specified in this behalf in such notification, and the Trust shall be deemed to be dissolved accordingly. (2) From the said date-
(d) the Municipal Board shall keep separate accounts of all moneys respectively received and expended by it under this Act, until all loans raised hereunder have been repaid and until all other liabilities referred to in clause (b) have been duly met."

Hence, it is clear from the above that if the appellant is dissolved by the Government, it would only go back to the government or similar entity only to continue carrying out the sovereign functions. The Ld. CIT with the interpretation that even government is a business entity and all civil & public utilities are part of the business like a private sector entity is actually the disregard to the federal structure of the Constitution. This is an undisputed fact that the State Government with the power vested in it through the Constitution of India is ultimately responsible to carry out sovereign functions required for the development of all the areas as a whole under its jurisdiction. Thus, if in case, any entity/body incorporated/constituted by the State does not function at the scale of required development and not able to provide the services as intended by the Act or it is required to create a larger body to function, it is upon the State Government to create a better system in form of constituting another authority/entity in place of the existing, so as to achieve the objects of the General Public utility. The provision never meant or intend towards revocability at all being the activities are sovereign functions and thus the question of revocability does not arise. Even that upon dissolution of any trust, if there is such condition that the fund/properties of any trust would vest in the State Government upon dissolution, it cannot be considered as a revocability clause.