considered that there was huge increase in
salaries of the abovesaid two trustees as regards financial year ... Trust
party, and rather, he compared the salary of the said two trustees with the
salary of Dr. Rajendra Kumar Patni, who was an employee
considered that there was huge increase in
salaries of the abovesaid two trustees as regards financial year ... Trust
party, and rather, he compared the salary of the said two trustees with the
salary of Dr. Rajendra Kumar Patni, who was an employee
relation to the
assessment year 2016-17, concerning the said two trustees.
In this regard, Learned CIT(A) observed in para 5.4 of the impugned ... public at
large, but, this is a case where that two trustees, named above, were paid
excessive salaries, i.e. for the benefit
relation to the
assessment year 2016-17, concerning the said two trustees.
In this regard, Learned CIT(A) observed in para 5.4 of the impugned ... public at
large, but, this is a case where that two trustees, named above, were paid
excessive salaries, i.e. for the benefit
that said property has
been taken on rent from these two trustees who are covered persons ... purposes of objects
of the assessee society from these two trustees on an yearly rent of
34 ITA No. 152/JP/2017
Scholars Education Trust
benefits by drawing salary which is contrary to Trust
Deed
The two trustees namely Dr. Pankaj Garg and Mrs. Vidhushi Garg were
rendering full time ... Trust Deed prohibits trustees to draw
any remuneration for their acting as trustees. It may be noted that trustees
can act in dual capacities
According to the trust deed, the fund which was transferred by
the trustees on dated 05-01-2002 and money and things which
are receivable ... college and
Rs. 3,00,000/- each to the other two trustees but management
do no explain about the genuineness of those two payments
appointed as a trustee of a Mutual Fund
shall be eligible to be appointed as a trustee of any other mutual fund. To
ensure complete ... investing decisions
and administrative decisions Regulation 16(5) provides that two thirds of
the trustees shall be independent persons and shall not be associated
with
Commissioner of Appeals should not have confused these two
aspects and seems to think as the trustees and his family
members are treating the property ... Commissioner of
Appeals should not have confused these two aspects and seems to
think as the trustees and his family members are treating the
property
premise, not separate) in which two plots are merged and
made into one and constructed a two-storey lavish bungalow on the said plots.
Further ... daughter of the trustee and the benefit in form of the use of the property is
given to the trustee Sangam Mishra without charging
