provisions in the trust deed the settlement was revocable and consequently the trust income was liable to be assessed in the settlor's hand ... purpose of determining the question of the revocability of the trust within the meaning of the same indicated
fulfilled, it would be treated as revocable trust.
12. Section 63 provides :
"For the purposes of sections 60 , 61 and 62 and of this ... portion of the trust amount to the transferor. The question was whether that term rendered the whole of the trust income assessable in the hands
determinable at any point of time from the Trust Deed, the Trust is a specific Trust
and it does not matter if the actual beneficiaries ... terms of the trust
deeds considered in the following cases, wherein it has been held that such trusts
are specific and revocable Trusts, whose beneficiaries
upon for decades and the Swamiji
had no right of revocation of the trust nor to recall any
of the powers; Infact ... regard to its right over the property that
the trust deed dated 12.10.1955 was never revocable
nor was any such power ever residuary or specifically
only thereafter to apply trust income and
property to the various purposes of the trust--Such
direction whether makes trust revocable--Whether property of
trust ... shares were
settled upon trust, and four trustees one of whom was the
respondent were appointed. Genuineness of the trust is no
longer
conditions
recorded in the said agreement.
7. By a Deed of Revocation of Trust dated 31st March 2003,
the said trust was revoked ... Deed of Assignment in
favour of the trust being Laljee Godhoo Family Trust. After revocation of
the said trust, the said trademarks stood assigned
Revocation of trust.- A trust created by will
may be revoked at the pleasure of the testator.
A trust otherwise created can be revoked only ... trust; or
(c) where the trust is for the payment of the debts of
-- 31 -- SA 207.2021 (J) -.odt
the author of the trust
beneficiary
until the trust comes to an end. It was also provided in the said trust deed that
trust will come to an end after ... instrument of trust.
He has also read the relevant provisions of the trust deed to show that power of
revocation and/or cancellation
other matters connected with the trust, shall be carried out by the trustees.
2. The trust shall be revocable at the direction of the council ... council, the properties vested in Radhaswami Trust, as para. 25 in the same deed makes the trust revocable at the discretion of the council
Revocation of trust.--A trust created by will may be revoked
at the pleasure of the testator. A trust otherwise created can be
revoked only ... author, of the trust; or
(c) where the trust is for the payment of the debts of the author
of the trust
