executed a deed of trust
and supplemented it by two subsequent deeds. Two-thirds of
the income of the trust properes was under tile said ... executed a deed of trust by
which be transferred to the trustees
314
two of his self-acquired properties situate at 41/16-A,
Russa
named minor child and vested the properties in four trustees-Nagappa, his two wives and a married daughter. Under each deed of trust a portion ... income of the trustee. The court observed at page 247 in dealing with the case in which the trustees appointed by the civil court
income from the
properties of two Hindu deities in the hands of its shebaits
as trustees were set aside on the footing that the status ... hands of the shebaits as trustees. In
respect of the assessment years 1950-51 and 1951-52, the two
shebaits contended that there
estate consisted of (1) Two
of the original heritable properties which had
not been realised by the trustee in the
insolvency and (2) a balance ... During the insolvency, the trustee
paid income-tax on the full annual value of
the two properties in question. The
contention of the respondent
predeceased his wife before the
marriages of the two unmarried daughters had been performed.
the trustee was to retain out of the shares and securities ... basis that
S. 41 applied to the trustees
In Commissioner of Income-tax, Madras v. Managing Trustees,
Nagore Durgha ,(2) this Court was called upon
those deeds can be considered as annuity.
As stated earlier the two settlement deeds executed by the
father of the assessee are expressed more ... husband of the assessee and
her two brothers-in-law were constituted as the Trustees.
Under cl. (a) of that deed, the trustees were required
hereditary trustee.
HEADNOTE:
The appellant was elected as a trustee of a temple for
one year. The temple was rounded two hundred years ... trustee by
the Sengunatha Mudaliars of Manjakollai village at a meeting
held on June 27, 1957. According to the appellant the
temple was rounded two
HEADNOTE:
The assessee is a charitable trust created under two trusts
deeds. One ,of the trustees, gifted certain fully paid up
equity shares ... gift. The trust deed does not prohibit the
trustees from accepting a new gift. The trustees can accept
gift from third parties for the purpose
institution or endowment shall stand transferred to such
Board of trustees or trustee, as the case may be Section 16
gives the disqualifications for trusteeship ... Chairman of the Board of
trustees. It has been provided, inter alia, that where
there is only one hereditary trustee he shall be the
Chairman
application of two or more persons having interest, initiate
proceedings for removing a mathadhpathi or a trustee of a
specific endowment attached to a math ... Code of Civil
Procedure. The Commissioner or any two or more persons
having interest or having obtained the consent in writing of
the Commissioner could
