trust deed to pay the professional charges to the above two trustees
and hence, the payment thereof resulted in granting undue benefit to
the trustees ... failed to appreciate that the professional charges
paid to the above two trustees were on account of the actual
professional services rendered by the above
fact installments for
acquiring a capital asset.
ii. Since, two trustees of CARE are the Directors of Quality Care India
Ltd., the company having substantial ... claimed as deduction.
4.2 The ld. AR further submitted that two trustees of CARE i.e. Dr. B.
Soma Raju and Dr. N. Krishna Reddy
settlor in all these trusts is the assessee company itself. The trustees are two directors and one employee. In respect of the trust ... employees, had been made a trustee, while the two other trustees are the two directors, Sathena and Aga. In respect of the trust
simultaneously, with search
operation under section 132 of the Act on two trustees on 20.07.2005. As per
the provisions of the Act, period for completing
Rajneeshji shall re-nominate the trustees retiring from the trustees nominated by him and the fresh Board of trustees after the nomination by Acharya Shree ... reason, the I trustees at that time present shall be the trustees and shall continue to remain trustees till any of them shall cease
paid to M.N. Navale (Bigger HUF) in respect of the first two properties
are outside the purview of section ... which excess rent is stated to have been paid to the
Managing Trustee, Shri M. N. Navale, in fact belonged not to M. N.
Navale
assessee trust and against the department by the two reported decisions of the Tribunal namely Trustees of Anandani Family Trusts case ( supra) and Trustees ... This decision has been duly considered in the two decisions of the Tribunal in Trustees of Anandani Family Trusts case ( supra) and Trustees of Anilkumar
Trust Fund or any accretions to it.
The Trustees, therefore, decide that the two fixed deposit receipts in the Bank of India, Tilak Road Branch ... fixed deposits from the names of the trustees to the name of the beneficiary even before the trustees resolved to extinguish the trust and handing
trustees. Thus, where' as the executors were two in number the trustees were three in number, two of them being common. The Will mentions ... cease to exist as the case may be. The Trustees cease to be Trustees of the aforesaid six Trusts which have been deviced
wherein the trustee of the assessee trust are also the
2 ITA No.15/PUN/2015
Sinhagad Technical Education Society
trustees and hence the assessee ... Assessing Officer (AO) observed that the trustees of the
assessee-trust were trustees in two of these three trusts, viz.,
Savitribai Phule Shikshan Prasarak Mandal
