Further, there was no approved gratuity fund created under irrevocable trust as laid down under the Act or the Rules made thereunder and the conditions ... established. He was further of the opinion that not only an irrevocable trust was to be created, the fund has also to be invested
that employer should not have any control over the funds of irrevocable trust crated exclusively for the benefit of the employees and thus the condition ... employer does not have any control over the funds of the irrevocable trust created exclusively for the benefit of employees.
4. In Income Tax Appeal
Further, there was no approved gratuity fund created under irrevocable trust as laid down under the Act or the Rules made thereunder and the conditions ... established. He was further of the opinion that not only an irrevocable trust was to be created, the fund has also to be invested
revocation of the trust by the executants. A question had arisen earlier as whether the trust deed was irrevocable and by a decision of this ... these two persons. The object of the second trust deed was palpably to make the trust irrevocable, and to make an unequivocal declaration about
section 47 are transferred under a gift or an irrevocable trust, the market value on the date of such transfer shall be deemed
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
approved gratuity fund for the exclusive benefit of employees under an irrevocable trust. The Tribunal noted the fact that the gratuity fund was approved
respondent no. 3, trust NHIT on 19.10.2020. It is an irrevocable infrastructure trust under the provisions of the Indian Trusts Act, 1882 , which was registered ... that the NHIT was established by NHAI on 19.10.2020 as an irrevocable infrastructure trust under the Indian Trusts Act, 1882 and was thereafter registered
trust is not a public charitable trust. No such situation
is present in the present case.
In the case of Sri Agasthyar Trust commissioner ... July 9, 1957, the founder executed a supplementary deed
making the trust irrevocable and again on July 28, 1961, he executed another
supplementary deed directing
exclusive benefit of his employees under an irrevocable trust. Learned standing counsel contended that since the gratuity fund, to which the assessee had made ... 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
