giving rise to the present petition.
6. The objects of the trust in Trust Deed dated 21-10-1997 provide inter alia thus ... Income Tax Act to the Chartered Accountants' Benevolent Fund a charitable trust, we hardly find justification in refusing the petitioner-Tax Practitioners Benevolent Fund
Sir Dinshaw Manockji Petit And Ors. vs Sir Jamsetji Jeejeebhoy And Ors. on 27 November
testamentary dispositions, the same principle has been held to be applicable to trusts inter vivos also. In the case of Flower v. Inland Revenue Commrs ... trust funds during the lifetime of the settlor to apply the income of the trust funds in each year for such charitable and benevolent purposes
bequest in trust for such objects of benevolence and liberality as the trustee in his own discretion shall most approve, was not held ... meaning of the testator are benevolent and liberal, though not acts of that species of benevolence and liberality, which this Court in the construction
income received for the objects of the Trusts.
17. Section 4(2) excludes Public Trusts of the kind mentioned therein from the general applicability ... provisions ordinarily should be construed more benevolently and a liberal construction should be placed in favour of the trusts. The principle that a fiscal statute
members, it was submitted that
there was a benevolent object behind forming the
Trust and by inducting such Corporate bodies, their
participation in perpetuity
members, it was submitted that
there was a benevolent object behind forming the
Trust and by inducting such Corporate bodies, their
participation in perpetuity
members, it was submitted that
there was a benevolent object behind forming the
Trust and by inducting such Corporate bodies, their
participation in perpetuity
members, it was submitted that
there was a benevolent object behind forming the
Trust and by inducting such Corporate bodies, their
participation in perpetuity
sold the writ properties
on their own to respondent no.3 - trust. It is the contention of the
petitioners that they had sold their properties ... 2022 10:55:10 :::
3
respondent no.3 - trust, may be with a benevolent object. The
sale-deeds were executed way back in the year
