which Lala Nawal Kishore and Lala Ram
Babulal, two Directors of the company, be the trustees and
it was further declared that all the money ... merely a declaration
of the acceptance of the trust by the two trustees mentioned
therein; in other words, it was contended that the customers
designata and not as a Court. The application for appointment of a trustee could not, therefore, be treated as an application in execution ... could not avail the appellants since the District Judge in appointing a trustee was a persona designata and not a Court. For the same reasons
Sangramsinh was concerned, there were two trustees, viz., the settlor and the mother of the settlor and in the case of Ranjitsinh and Lalita Raje ... levy wealth-tax upon the trustees and recover the same from the trustees as if the persons on whose behalf the assets were held were
this work of construction. The amount spent by the trustees in each of these two Samvat years in constructing the new dharamshala was not debited ... income over expenditure in each of the two Samvat years was utilised by the trustees in constructing the new dharamshala and since the establishment
Revenue has thus two modes of assessment: (a) it
may either assess such interest in the hands of the trustee
in a representative capacity under ... part each was to be added to the two
traits allocated to each of her two. daughters to be held
upon the same trusts
order dated 30th March, 1959. The assessments of the trustees of the two trust deeds dated 12th February, 1958, and the third trust deed dated ... properties which is assessed in the hands of the trustees. The revenue has thus two modes of assessment available for assessing the interest
executed by the father of the assessee and her two brothers were appointed as the trustees of the deed of trust. By the deed ... husband of the assessee and her two brothers-in-law were the trustee under this trust deed. Under clause (a), this trust deed provides that
language of a statutory provision is
ambiguous and is capable of two constructions that
construction must be adopted which will give meaning and
effect ... approved.
Per Sen, J. (dissenting)
The two decisions in Sole Trustees Lok Shikshana Trust
v. C.I.T. (101 ITR 234) and Indian Chamber
supported by the Board by relying
on two decisions of English courts, namely, Ayer Harbour
Trustees v. Oswald(1) and York Corporation) v. Henry Leetham ... profit for
shareholders, or, as in the present case, a body of
trustees acting solely for the public good, I think in
either case
lease executed by the Trustees of thp Port of Bombay in favour of two persons called Moreshwar Narayan Dhotre and Dinshaw Rustomji Ogra. These two ... entitled to maintain a suit for eviction against the tenant. There are two aspects of this question which re-auire consideration. One is based
