known whether and in
what manner the sole beneficiary of the irrevocable trust declared the payout and
whether tax was paid thereon. In any case ... exclusive benefit of his employees under an
irrevocable trust ;"
23. The object behind the provisions of Sec.40-A(9) as explained in Board
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
company,
or
(d) under the transfer to a revocable or an irrevocable trust, or
(e) under any such transfer as is referred to in
clauses
transfer of a
capital asset under a gift, will or an irrevocable trust. The following issues
arise in the application
exclusive benefit of his employees under an irrevocable trust."
We have also carefully gone through the provisions of sec. 37 of the Income
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
assessee had not produced any evidence that it had created irrevocable trust called Workers Bonus Payment Trust. The Tribunal, keeping in mind the object ... actual payment and not deemed payment, even creating an irrevocable trust would not satisfy the requirement of law. Thus after the decision of the Apex
founder of a daily
newspaper created a trust in March, 1954 and the objects of the
trust were originally to establish newspaper as an organ ... Tamil reading public. In July,
1957, a supplementary deed making the trust irrevocable and
Anr. supplementary deed for establishing and running a
school/college
exclusive benefit
of his employees under an irrevocable
trust."
We have also carefully gone through the
provisions of sec. 37 of the Income
exclusive benefit of his
employees under an irrevocable trust".
We have also carefully gone through the provisions of
section
