express or constructive trust created for public purposes of a charitable or religious nature. The section includes constructive trusts created for public purposes ... means of a written document but also orally but what is required in the case of oral trust is that the property must have been
express or constructive trust created for public purposes of a charitable or religious nature. The section includes constructive trusts created for public purposes ... means of a written document but also orally but what is required in the case of oral trust is that the property must have been
respect of income which a trustee appointed under an oral trust receives or is
entitled to receive on behalf or for the benefit ... trust.
Explanation 2.-For the purposes of clause (v), "oral trust" means a trust which is not
declared by a duly executed instrument
respect of income which a trustee appointed under an oral trust receives or is
entitled to receive on behalf or for the benefit ... trust.
Explanation 2.-For the purposes of clause (v), "oral trust" means a trust which is not
declared by a duly executed instrument
respect of income which a trustee appointed under an oral trust receives or is
entitled to receive on behalf or for the benefit ... trust.
Explanation 2.-For the purposes of clause (v), "oral trust" means a trust which is not
declared by a duly executed instrument
respect of income which a trustee appointed under an oral trust receives or is
entitled to receive on behalf or for the benefit ... trust.
Explanation 2.-For the purposes of clause (v), "oral trust" means a trust which is not
declared by a duly executed instrument
respect of income which a trustee appointed under an oral trust receives or is
entitled to receive on behalf or for the benefit ... trust.
Explanation 2.-For the purposes of clause (v), "oral trust" means a trust which is not
declared by a duly executed instrument
received by the trust is received under fiduciary capacity
and hence not taxable. B) Counsel for the assessee also argued that
trust via trustee does ... Discretionary trusts. For
instance, section 165 specify the tax rates applicable to a trust
section 164A provides charge of tax in case of oral trust
produced by the assessee
can it be held that the alleged oral trust be valid and even otherwise can the assessee
contend that ... relied upon by the assessee, none of which
pertains to an oral trust be applicable in the assessee's case for discharging his liability
trust. The claim of deduction u/s
80P was also not allowed on the ground that funds were belonged to
the trust ... return of
trust (which is an oral trust) and tax paid. Hence, the returns filed by
petitioner are also as trustees in capacity of representative
