effect the trusts therein
set out. In all 21 Trusts were dissolved.
532
Each Trust had an Executive officer. If 21 Trusts were
dissolved ... dissolving the Trusts, certain officers were
appointed in respect of each trust to carry on the functions
of the Trusts. Therefore, the Trust independent
years in the assessments of erstwhile trusts K. Kachradas Patel Specific Trust and Nirma Specific Family Trust. These trusts were dissolved ... Corpus/Trust Fund Wholly and handover the corpus, Trust Fund/Trust Properties of the Trust held so far by the Trustees of the Trust till
Trust. It has been
denied that the Trust stands dissolved permanently because the State
Government has appointed an Administrator to run the Trust.
14. Controverting ... issued much before
dissolution on 22.11.2000. Therefore, on the dissolution of the trust
on 4.4.2002, under Section 103 of the Act, a sanctioned scheme
cannot
Trust Act declaring that the trust stood dissolved (P-8). Similar notifications were simultaneously issued dissolving all the Improvement Trusts in the State of Punjab ... supersession of trusts and no such safeguards are provided when the trust is to be dissolved under Section 103 of the Trust Act. According
Bhatinda Improvement Trust (hereinafter referred to as 'the Trust') extends till 24th of May, 1982. It is averred that the Trust ... dissolution be incorporated therein by judicial mandate. It was argued that the dissolution involves civil consequences not only to the legal person, viz. the trust
case the trust registered with the Sub-registrar as a
charitable trust and the trust being an irrevocable trust, the obvious
position shall be that ... Sukh Lal Rathi Charitable Trust Vs. CIT(E)
the trust is a irrevocable trust or not, and whether the assessee trust is
registered with
Whether the trust
deed contains clause that the trust is irrevocable?",
the trusts are forced to click on "Yes". Because ... until the clause of dissolution of the Trust is
incorporated in the Trust Deed, the Trust cannot be
registered.
5 The statute takes care
property and assets of the said trust. Therefore, the
said trust was dissolved as per the deed of dissolution dated 27th February ... income filed by the said trust, it has paid maximum
marginal rate of tax being a discretionary trust. The dissolution proceeds
received by the assessee
during their lifetime, Smt. Birla
formed four trusts and MPB formed the fifth trust.
These trusts, 5 in number, covered corporate
assets. On 30th July ... Birla Trust under clause 6(b) and made
nominations of beneficiaries in respect of her four
trusts under clause 7(a) of the trust deeds
Petitioner from the said Trust since its promulgation. The
Trust has in itself a property being Trust Property which
would fetch an amount of crores ... dissolution of the trust and distribution of the trust property. The
original petition sought no such relief of dissolution and
distribution. It sought only
