Section 36 in The Income Tax Act, 1961 [Entire Act]
exclusive benefit of his employees under an irrevocable trust; (va) [ any sum received by the assessee from any of his employees to which the provisions
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1 - 10 of 4368 (1.53 seconds)Section 43 in The Income Tax Act, 1961 [Entire Act]
received,- (i) by way of gift or will or an irrevocable trust; (ii) on any distribution on liquidation of the company; and (iii) by such
Section 48 in The Income Tax Act, 1961 [Entire Act]
unit of an equity oriented fund or a unit of a business trust referred to in section 112A:] [Inserted by Act 67 of 1984, Section ... section 47 are transferred under a gift or an irrevocable trust, the market value on the date of such transfer shall be deemed
Section 47 in The Income Tax Act, 1961 [Entire Act]
capital asset under a gift or will or an irrevocable trust: Provided that this clause shall not apply to transfer under a gift ... irrevocable trust of a capital asset being shares, debentures or warrants allotted by a company directly or indirectly to its employees under any Employees' Stock
Section 49 in The Income Tax Act, 1961 [Entire Act]
company, or (d) under a transfer to a revocable or an irrevocable trust, or (e) under any such transfer as is referred to in clause
Section 43C in The Income Tax Act, 1961 [Entire Act]
Hindu undivided family or under a gift or will or an irrevocable trust, is sold after the 29th day of February, 1988, by the assessee
Cumi Employees' Welfare Trust vs Wealth-Tax Officer on 13 July, 1998
disregard the trust and treat the expenditure relating to the trust and fund maintained by the trust as belonging to the company which had made ... unutilised amount is concerned, the trust deed becomes a revocable trust and does not remain irrevocable.
24. The second limb of sub-section
The Chamber Of Tax Consultants vs The Commissioner Of Income Tax ... on 9 March, 2026
Charitable Trust only
in November, 1965 and the Trust came to be registered
under the Bombay Public Trusts Act, 1950 as Public
Charitable Trust late ... trust. The trust property has to be applied by the trustees in terms of the
Trust Deed. Thus, when the Trust Deed does not contain
Cumi Employees' Welfare Trust vs Wealth-Tax Officer on 28 September, 1998
wealth of the assessee.
2. The assessee is an irrevocable trust set up by M/s. Carborandum Universal Ltd. for the welfare of its employees ... deduction. Instances have come to notice where certain employers have created irrevocable trusts, ostensibly for the welfare of employees, and transferred to such trusts substantial
Commissioner Of Income-Tax vs New Swadeshi Mills Of Ahmedabad Ltd. on 9 March, 1983
exclusive benefit, of his employees under an irrevocable trust;"
"40A. (1) The provisions of this section shall have effect notwithstanding anything ... gratuity fund for the exclusive benefit of his employees under an irrevocable trust, the application for the approval of the fund having been made before