business. The
beneficiaries who are named in the trust as recipients of
the income of the trust cannot be considered as an
association of persons ... hands of the petitioner as the transferor of a revocable
trust, in which event the income would be exempt under
Section 10(23D) . Whether
business. The
beneficiaries who are named in the trust as recipients of
the income of the trust cannot be considered as an
association of persons ... hands of the petitioner as the transferor of a revocable
trust, in which event the income would be exempt under
Section 10(23D) . Whether
would not alter the provision contained in the original trust deed. In case the trust is wholly for charitable purposes as per the original deed ... alter the terms of the trust deed because that would lend to the trust the character of a revocable trust attracting the provisions of Section
Annexure - 'A'; the copy of the Indenture of Revocation of Trust pertaining to the properties the benefit of which is "The Work ... Trust made on the same day between the Basel Mission and 'CSI' Trust Association, that the 'UBMC' Trust Association
reassume power over the trust funds and income thereof which he had over these funds before the trust deed was made, bringing into operation proviso ... that the object of the third proviso was to consider a revocable trust irrevocable provided the settlor enjoyed no benefit whatever in the trust
Indian Trusts Act irrevocability is not an essential feature of a trust. That means a revocable trust at the mere will of the settlor ... section 78 of the Indian Trusts Act show, not an essential feature of a trust under the law of trusts. That is why, as already
Trust Company (Cayman)
Ltd. dated 07.01.2000, the supplementary deed of trust dated 07.01.2000, the
company formation letter, deed of amendment dated 30.03.2021, Revocation
of Trust ... trust'.
Shri Bipinchandra P. Patel & Smt. Manjulaben B. Patel were
'settlors' of the said trust.
Beneficiaries of trust were family members
Trust Company (Cayman)
Ltd. dated 07.01.2000, the supplementary deed of trust dated 07.01.2000, the
company formation letter, deed of amendment dated 30.03.2021, Revocation
of Trust ... trust'.
Shri Bipinchandra P. Patel & Smt. Manjulaben B. Patel were
'settlors' of the said trust.
Beneficiaries of trust were family members
Trust Company (Cayman)
Ltd. dated 07.01.2000, the supplementary deed of trust dated 07.01.2000, the
company formation letter, deed of amendment dated 30.03.2021, Revocation
of Trust ... trust'.
Shri Bipinchandra P. Patel & Smt. Manjulaben B. Patel were
'settlors' of the said trust.
Beneficiaries of trust were family members
Trust Company (Cayman)
Ltd. dated 07.01.2000, the supplementary deed of trust dated 07.01.2000, the
company formation letter, deed of amendment dated 30.03.2021, Revocation
of Trust ... trust'.
Shri Bipinchandra P. Patel & Smt. Manjulaben B. Patel were
'settlors' of the said trust.
Beneficiaries of trust were family members
