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
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
Trust.
10. Please submit evidences that the corpus amount has been transferred to the
Trust/Institution.
11. Please specify that the Trust is in receipt ... Further, it is seen that as per trust deed the dissolution clause is not proper.
2.2 However, the assessee neither attended nor submitted the requisite
that extent getting
precluded from distribution to other societies/trusts
in the event of dissolution?
(vii) Whether on the facts and circumstances of the case
What is the property that vests in the trust and is divisible in the event of
dissolution?
4.1. In response, the assessee furnished the reply
perused
the material available on record. The aims and objective of the trust have been
perused. They consist of to work for upliftment of Quality ... section of the society in addition to the other
clauses pertaining to dissolution, donation, properties and application of funds.
Regarding the primary aims and objectives
learned Commissioner is supposed to examine only the objects of
the society/trust and it is not appropriate on the part of the
Commissioner ... clause for distribution of profits or net assets in case of
dissolution to members as it is fully government owned. Thus the
emphasis
verified,
when there are some activities. In case where the assessee trust
did not started charitable activity at the time of granting
registration, then ... 2018
Shree Mewad Jain Swetamber Murtipujak Charitable Trust
"3. We have considered the facts of the case and rival
submissions. Section 2(15) defines
Memorandum of
Association, it was provided that upon
winding up and dissolution of the association,
the remaining property after the satisfaction
of its debts ... Delhi.
determined by the members at or before the
time on dissolution. On this aspect, the
Hon'ble Apex court referred to the decision
Deputy Commissioner Of Income Tax (E) ... vs M/S Bangalore Developemnt Authority , ... on 22 March
