accepted the statement in writing signed by only one of the two trustees required to be submitted as per Expln ... family in different combinations. Further, each trust has three trustees and the trustees in each trust included Shri Karsanbhai K. Patel and/or his wife
giving the status of the first appointed trustees, it is stated that Shri Chandra Swamiji is a trustee for life whereas the settlor Shri Suraj ... Gupta and Shri Pawan Kumar Sharma the other trustees were only trustees for the time being. Two trustees present at a Meeting shall form
further to give on hire these two cinema houses to a firm in which relatives of the trustees were interested. M/s. Kapurchand ... management and the control of the two cinemas is fully in the household of the trustee. This aspect alone on the face of the facts
beneficiaries were individuals, the status of the trustees bring same as that of beneficiaries, the trustees were also individuals and not AOP. It was thus ... source cannot stand.
In the face of the above two clear decisions of two different High Courts, we are of the view that what
shares of the beneficiaries are neither unknown nor indeterminate. Although the abovementioned two decisions of the Tribunal relate to certain years prior to the aforesaid ... other two decisions as mentioned above, viz., of the Supreme Court at Trustees of H.E.H. Nizam's Family Trust's case
beneficiaries were individuals, the status of the trustees being same as that of beneficiaries, the trustees were also individuals and not AOP. It was thus ... source cannot stand.
In the face of the above two clear decision of two different High Courts, we are of the view that what
shall be distributed in such proportion and after such period as the Trustees may in their discretion deem fit but not exceeding 18 years from ... capable of two interpretations. The Executors upon death of the Testator are enjoined to take the property under the Law, as Trustees of the named
Mazda v. K. R. Irani [1977] 47 Comp Cas 39 (Cal), Public Trustee v. Rajeshwar Tyagi [1973] 43 Comp Cas 371 (Delhi), Joginder Singh ... above, it is open for us to consider whether in the two petitions before us, there are such complicated questions of facts
trust deed dated 13-12-1982 and find that it empowers the trustees who are also the owners of the property to invest the Trust ... partnership. The assessee-trust took on lease partly built property and within two weeks after the execution of the trust deed
facts on record. As already pointed out, the testator had appointed two executors, one of whom namely Shri V.K.S. Bawa had expired ... administrator of the estate and not as the co-owner or trustee of the legatees. The same is negatived by the fact that the rent
