seen that trust was under administrative control of Government of Punjab but
has never lost its existence as trust. In-fact, these trust have, been ... from the trust fund itself and even the trust was allowed
to incur expenditure on various contingencies; that thus, though the
trust was under
charitable objectives of the trust as laid down in the trust deed. The genuineness of the trust is questionable in view of the above facts ... basic objects of the trust.
5. Further, as regards the fact that as per the trust deed, on dissolution, it has been left
attracted without this
dissolution clause. There is no satisfactory response on
the issue of lack of dissolution clause in the Trust Deed.
9. In view ... Trust" itself it appears to be a family trust
pursuing religious activities of a private nature.
(iv) Trust deed does not include the dissolution
compliance with the dissolution clause in the Trust Deed filed by the assessee.
ITA 24/ASR /2025
2. The grounds taken by the assessee ... trust has been revised with necessary amendments, and the issue regarding
dissolution of trust has been duly addressed and a copy of the said revised
compliance with the dissolution clause in the Trust Deed filed by the assessee.
ITA 24/ASR /2025
2. The grounds taken by the assessee ... trust has been revised with necessary amendments, and the issue regarding
dissolution of trust has been duly addressed and a copy of the said revised
para (V)(c) of the trust deed provides that in the event of
defunction of the trust, the trust property with all its
establishments shall ... clinic. He observed
that the applicant trust supplied a copy of supplementary trust
deed dated 22.01.2018 amending the dissolution clause. The
supplementary trust deed
registered amended Trust Deed wherein the
clause as to distribution of movable and immovable assets of
the Trust upon its dissolution has been amended ... registered amended trust deed with a
clause for distribution of movable and immovable assets of trust upon its
dissolution, we are of the considered opinion
rejection of the application was that
amendment of trust deed on 27.03.2014 incorporating
dissolution clause and at the same time introduction of new
trustees ... Acharya Shri Tulsi Kalyan Kendra vs. CIT(E )
registration of trust deed or supplementary trust deed is
required to be registered under the Indian Registration
that there is no
dissolution clause in the memorandum of trust. The absence of
dissolution clause in the memorandum of the institution is only ... find any dissolution clause in the
memorandum of the trust and declining the registration also relied upon
the report of the ITO (Exemption), Amritsar. Crux
thus,
not justified to hold that the Trust Deed did not contain a dissolution clause
and provisions of section 13(1)(c) are attracted ... assets and liabilities of the trust will be distributed amongst the trustees of the
trust in case the trust closes its operations or is disbanded
