being the settlor, also the sole beneficiary of the trust. This trust
is a revocable and determinable trust.
5 The following provisions of the Deed ... Trust. The Deed of Settlement provides
that the capital contributions made or proposed to be made by ADIA to the
Trust would be a revocable
declares the trusts and acts as a trustee of
the trusts pursuant to provisions of the SARFAESI Act and RBI
Guidelines. The trust accepts contributions ... Trust, dismissed the appeal with the findings that the assessee was a
valid trust. Since it was revocable Trust, the provisions
trust was always be Managing
trustee for the life time. This clause in the trust deed makes
the trust a private trust for personal benefit ... Trust Deed. The Trust Deed of the
assessee trust has never been amended. The trust is an irrevocable
trust. Section
Bench of ITAT in
Milestone Army Navy Trust (supra), we hold that the assessee
Trust is a revocable Trust and contribution by beneficiaries ... revocation must be at
the instance of the beneficiary/transferor, The 'power of
revocation under Clauses of the Deed of Trust is a genial
Agreement, six trust
companies were found involved in the transaction. One trust ‗Rajvin Ltd‖ is
settled by the assessee is a revocable trust on 15th ... trust include Shri Rajneesh Mehra, Mr. Vineet Mehra (Sons)
and Hans Mehra (Grandson). The trust deed was revoked on 16/12/2011 and
on revocation
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
construction of section 77 of the Indian Trusts Act. That provision
reads as under:
"A trust is extinguished--
(a) when its purpose is completely ... purpose becomes impossible by
destruction of the trust property or otherwise ; or
(d) when the trust, being revocable, is expressly revoked
respondent is directed to participate in the revocation
of the gift deed already executed by the petitioner
Trust, dated 26.12.2007, registered as a Document ... direction to
the District Collector, to accept the revocation deed submitted by the first
respondent Trust and permit the same to be registered, consequently
revoking
trust. Such a construction of
the provisions of Section 92 of the Code would render it
difficult for the beneficiaries of a public trust ... Trust and are not those whose motives are impure. After
appearance, the defendants may ask for revocation of leave
and where the plaintiffs have failed
