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
employer should not have any control over
the funds of the irrevocable trust created exclusively for the benefit of the
employees. Accordingly, the counsel ... employer should not
have any control over the funds of the irrevocable trust created
exclusively for the benefit of the employees. In the instant case
benefits under the scheme or arrangement
are secured by an irrevocable trust which is
WPC (OAC) No.3354 of 2017 Page 30 of 45
subject ... scheme or arrangement
the benefits under which are secured by an
irrevocable trust or the requirements of heads
respondent is
that the document termed as a Will was an irrevocable trust. Even according
to the first respondent, the testator had cancelled the same
Constituted under an irrevocable Trust:
The Fund shall be constituted under a Trust
established in India. This shall be an irrevocable Trust save
with
Constituted under an irrevocable Trust:
The Fund shall be constituted under a Trust
established in India. This shall be an irrevocable Trust save
with
Indian Power
Corporation Limited ( IPC L) was transferred to Power Trust (the Trust), an
irrevocable investment Trust and the residual undertaking of the
demerged company ... Trustees will hold the Investment Division in an irrevocable
trust and shall be managing the Investment Trust in an
independent manner, the Trustees shall constitute
boarding
house created by the trustees of the Estate of Gajanand Poddar Trust
for Marwari students of Kolkata. They say that they ... inducted as
member of the Managing Committee under a registered irrevocable
Trust Deed of 2018. The second applicant namely Pradeep Agarwal was
inducted
created by him for the
exclusive benefit of hisemployees under an irrevocable trust.
(va) any sum received by the assessee from any of his employees
created by him for the
exclusive benefit of hisemployees under an irrevocable trust.
(va) any sum received by the assessee from any of his employees
