HEICL claim that they acted as trustees pursuant to the oral trust
and have sold these 12,70,000 shares on different dates to employees ... data of the stock exchange.
3. The so-called oral trust in favour of HEICL was an
afterthought for the following reasons:-
(i) Promoter directors
deed.
Prior to drawing up the Trust deed, an oral trust may exist which
in fact exists in this case. The fact that it exists ... assessee trust was
constituted by Deed of Trust dated 18.06.2006. Therefore, during the
previous year relevant to A.Y. 2005-06, the assessee trust
trust about which pleadings have been made in
para 12 of the written statement filed by me was not
written. It was only oral ... Indian Trusts Act there cannot be a
plea of oral trust. He further says that there is no plea
either of benami transaction
need to be in writing. As per
provisions of section 164A oral trust are taxed at maximum marginal rate.
Even according to section 194C
lease in favour of the Plaintiff-trust for a period of 30
years;
(iii) Oral evidence ... Mohan a Senior Accountant in the
office of the Plaintiff-trust.
(iv) Oral evidence of PW 3 Rajkumar a clerk in the Office
document which constitutes an affirmation of title in favour of
the Trust and he would only point out to the admitted position that
Chattar Bhuj ... Chattar Bhuj created any Trust
in respect of this property. If it were to be understood that the Trust
was oral, then there ought
Trust Board has got power to initiate disciplinary proceedings against the employee of the temple. So, after constitution of the Trust Board on 29.7.2004, oral ... enquiry on 25.10.2004. On that day, oral enquiry was conducted by the Chairman of the Trust Board. The appellant also appeared for the enquiry. During
Trustee of the plaintiff Trust Mr.N.A.K.Balakrishnan was examined as PW-1 and the Manager of the Trust ... lead any oral or documentary evidence.
8. The learned Single Judge held that gift deed is not registered and that the plaintiff Trust continued
public trusts or public charitable trusts of the kind indicated in the Notification issued by the Government under Section 29 . Therefore, if a Trust takes ... fall under either of the two categories, namely, public charitable trust or religious public trust. Therefore, it cannot be contended that the exemption under
reported in the Digest?
---
Surya Kant, J. (Oral)
The petitioner seeks a direction to the Improvement
Trust, Amritsar (for short 'the Trust
