trust deed for the settlor to reassume the trust property or any income therefrom that could make the trust revocable and not merely the fact ... income of the trust in the hands of the settlor in case the trust is a revocable one. Section 62 provides exceptions in certain cases
revocable trust. If the trust created or purported to be created by the document dated 18th May, 1972, was a revocable trust the steps taken ... revocable trust cannot be, at the same breath, called a void trust because a void trust is a trust which is non-existent
income from the said trusts, viz., M. C. Shyamala Marriage Benefit Trust and M. S. Sowmiyaram Marriage Benefit Trust. Similarly, for the asst ... trust fund was retransferred for the benefit of the settlor in case the trust fails, the trust would become a revocable trust. In such
trusts were in fact private trusts and not at all public trusts or charitable trusts. The language used in the trust deeds and construction ... trusts and the five trust deeds were private trusts and not trust for religious or charitable purpose. In the trustees of Gordhandas Govindram Family Trust
explicit
"irrevocability clause" in a trust deed renders a public charitable trust
"revocable" in law, thereby justifying the rejection ... 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. A discretionary
trust is described as a trust where the trustees have been
vested with a discretion in the matter of distribution of
trust ... even so, although the revocation may be contingent
or conditional, still the deed remains a revocable deed of
trust." The same idea was reiterated
valid trust. He went further to say that even if there was a valid trust, such trust was to be regarded as a revocable ... valid trust came into existence under the deed of trust dated the 11th October, 1939, as mentioned in the said deed of trust
proviso three-Deed of trust by assessee-Beneficiaries of the
Trust are assessees and other persons-Trust and revocable
within six years-If the income ... given by
the original deed of trust", and the trust was therefore not
a revocable trust as contemplated
declare any new or other trusts or power concerning the Trust Funds or any part thereof to which such revocation shall extend as to hims ... seven years during which the trust was made irrevocable had expired, that the trust had become a revocable trust, and, therefore, the entire income from
property mentioned in Schedule E to the trust deed. The trust deed also contains a power of revocation which is set out in Clause ... shares." Then Clause 10 of the deed of trust makes the trust deed revocable by the settlor with the consent of his wife
