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
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 ... answer on the
question of "Whether the Trust Deed contains clause that the trust is
irrevocable?" in either
where the question mentioned is "whether the Trust Deed contains
clause that the trust is irrevocable?" to which the assessee had furnished ... response to the question "Whether the Trust
Deed contains clause that the trust is irrevocable?" is false or incorrect
information constituting specified violation
Welfare Public Trust
Ld CIT (E) on the ground the applicant trust deed of the assessee trust did not contain
'Irrevocable' clause. Consequent ... trust, which is not revocable. Thus for a settler to create a public charitable
trust, it is necessary that said charitable trust is irrevocable
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. The nature of the Trust is stated to be a public
charitable Trust and the objects of the Trust as set out for
imparting ... Irrevocability and failure of the Trust:-
The Trust hereby established is irrevocable. If for any
reason, this trust shall fail or it is resolved
fund. Further the Pension Fund has been
formed as an irrevocable Trust wherein the corpus to the Trust
shall be inclusive of the accumulated contributions ... opted for pension voluntarily and he entrusted the Provident
Fund Trust to transfer his entire employer's contribution to
Provident Fund with interest accrued
causing extensive public
detriment and imparting a pernicious impact on the foundational trust,
underpinning any commercial activity.
12.1. Another aspect nay vital aspect ... compromise/settlement. The pervasive public detriment and the systemic
erosion of trust, irrevocably, supersedes, the purely private remedial
adjustment, achieved between the complainant/victim
purpose is clearly to ensure that the funds are
established under irrevocable trust for the benefit of employees and to
ensure that such funds should ... fund. The amount
has to be given to an irrevocable trust outside the control of the assessee,
• Actuarial valuation has no relevance. Actuarial valuation
capital asset under
a gift or will or an irrevocable trust. Thus, the provisions of Section 47(iii) are
found applicable in the instant case
