without reasonable cause" and "wilful failure" found in the two sections of the Income-tax Act , cannot be read into section ... trusts and the rest of the eight accused were the trustees of the two trusts. The allegation was that the first accused withdrew certain monies
loan, and the two nationalised banks being Union Bank of India and the Bank of India having been appointed as trustees for the beneficiaries being
Narayana Murthy, created a trust and appointed Sri K. Saradhy as a trustee. The beneficiaries of the trust are the children of the said Saradhy ... Some 11 persons made cash gifts of Rs. 2,29,000. The trustee accepted the amounts and treated them as part and parcel of the trust
have satisfied the legal necessity. There is a clear difference between
the two things; that there was a legal necessity of transfer and that there ... property is greater than that of the owner, and like a trustee.
(3) When the sale is only for legal necessity, the burden
Padrnaraju, during his life time, constituted himself as a trustee for and on behalf of the plaintiff and her sisters with regard to the stridhaha ... came into possession of the said jewellery and he thus became a trustee holding the same in trust and so was duty bound to distribute
question belongs to Sri Kesavaswamy temple. It appears that the Board of Trustees of the temple passed a resolution at its meeting held ... temple authorities to sell the land by private negotiations. After these two orders are made by the Government and the Endowment Commissioner the writ petition
decision of the Supreme Court in CGT vs. Executors & Trustees of the Estate of Late Sh. Ambalal Sarabhai wherein it was held that ... made to this Court for the opinion of this Court on the two questions mentioned above.
3. The present references are at the instance
management, and a compromise was effected on November 19, 1990, whereupon two of the petitioners amongst petitioners Nos. 4 to 6 were taken into ... third respondent in his individual status and not as a trustee. According to the petition, the change effected in the register of members was invalid
executed by H. E. H. the Nizam on September 4, 1951, his two granddaughters were given a right to wear the jewellery on festivities ... jewellery would be taken charge of from the said beneficiaries by the trustees. Treating this right as a life interest, the beneficiaries were held taxable
P. Rajanna vs K. Lalitha Reddi Alias Chinnamma Devi ... on 10 October, 1995
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