trust has
no dissolution clause. The dissolution clause ensures that in the
event of dissolution of the trust, the balance funds are not mis-
utilized ... that in case
the trust registered with the Sub-registrar as a charitable trust and the
trust being an irrevocable trust, the obvious position shall
Trust --Sant Trust was settled by Mrs.
Vinodini C Pratap, mother of the assessee, by Indenture of Trust dated
20th January, 1978. This Trust ... property and assets of
Sant Trust.
1.4 The said trust was dissolved as per the Deed of Dissolution dated
27/2/2007 and the assets
Court, granting permission to
the Trust to sell the property of the Trust under Section 34 of the
Indian Trust Act and the case ... object of the Trust. The
Trust is to undertake charitable and social activities which are
beneficial to the society. The Trust is totally non-political
validly constituted public charitable trust, that
perusal of trust deed revealed that there was no dissolution-clause to the effect that trust was
irrevocable, that ... provisions of Bombay
Public Trust Act,1950 , that clause 13(f) of the Trust Deed declared the applicant trust to be
irrevocable for all times
management of the
Trust and the defendant no.1 has informed the plaintiff that
the Trust properties and the Trust moneys ought to be
handed ... Trust. He submits
that paragraph 4(a) of the Trust Deed has been admitted by both the
plaintiff and defendant. Therefore, question of dissolution
contribution
or donations to the trust or any trustee or manager of this
Trust and in the event of dissolution of the Trust the trust ... purpose of trust. Therefore, in the absence of any transfer of money
on the trust by the founder, no trust could have come into existence
object of the 4 ITA
1247/M/13 Trust or genuineness of the Trust activities. He has refused to grant
the registration ... Trusts Act, 1950 mandates for incorporation of
mandatory clause of dissolution of any irrevocable trust. Therefore, in our
opinion, the decision
original copy of trust
deed was not filed and the copy of the trust deed does not
contain dissolution clause. He further submits that ... assets of the Trust will be handed
over to any trust having similar objects in case of dissolution
or in the case of any Trust
Amritsar took the view
that held where the trust deed provided that the trust fund on dissolution would vest in
the State Government then such ... property of the trust is diverted in favour of any
person who has substantial interest in the trust, then the trust would not be eligible
observations made and conclusions
H.K. Kalchuri Education Trust and others 16
ITA Nos.455 to 458 of 2016
drawn by him were made only ... nowhere provided in the by-laws
that at the time of dissolution of
Trust/society the funds will vest in
the family of the trustees
