minimum of 2 (two) Trustees and a maximum of
7 (seven) Trustees of the said Trust (with the Trustees from time
to time being collectively ... Nominee Trustee" and collectively as "Nominee Trustees")
Functioning of the Trust
3.1 The Board of Trustees shall hold at least two meetings
3744/Ahd/2007, submitted
that in that case also same founder trustee was involved and on similar reasons ,
Hon'ble ITAT have granted registration ... rural area and carries out educational work in remote
villages. Two trustees died in succession putting the trust in difficult situation, in
our view, this
same as the address of the
settler and these two Trustees as 12, Aurangzeb Road, New Delhi. He also
submitted that Clause 9 of Trust
Shaji P Jacob
ORDER
Per DR.O.K.NARAYANAN, VICE PRESIDENT:
These two appeals are filed by the Assessee . The appeals are
directed against ... trustees, which is against the provisions of the Indian Trusts
Act, 1882 . As per clause-4(i), 6 trustees have two votes each, 4
trustees
Shaji P Jacob
ORDER
Per DR.O.K.NARAYANAN, VICE PRESIDENT:
These two appeals are filed by the Assessee . The appeals are
directed against ... trustees, which is against the provisions of the Indian Trusts
Act, 1882 . As per clause-4(i), 6 trustees have two votes each, 4
trustees
ground that
particulars were reflected in two loose sheets found at the
residence of the Managing Trustee at the time of search.
According ... assessing authority on the ground that two loose
sheets seized from the residence of the Managing Trustee of the
assessee-trust in the course
Seven of these were also members
of the "First Board of Trustees" (Named in the Trust deed Dated
14/04/1976)
7.3) Introduction ... below:
The Trust Organization
It has two wings:
a) General Body
b) Board of Trustees
Sub Clause (a) of this clause defines, "General Body
Hills, Bhopal being used by the Trustees as their
Residence. The office of the Trust consists of Two rooms for
accounts & administrative staffs
exemption
u/s 11 of the Act for the following two reasons:-
(i) the trustees are the directors of MRPL; and
(ii) the leased premises
submitted that the trust is running two colleges, the
trustees are only academicians with little commercial knowledge and they
were not properly guided in income ... staff were paid out of the own earnings
of the trustee. The registration application filed on earlier occasion on
26.8.04 came to be rejected
