filing of the suit, the respondent was having the knowledge of revocation of
Trust Deed, which was registered on 11.02.2016 by the learned Sub Registrar ... rather filed
another suit thereby challenging the revocation deed dated 11.02.2016 in
respect of revocation of the trust. The petitioners filed an application under
Order
valid trust and fulfils the conditions of a trust both
as envisaged under the Indian Trusts Act, 1882 and the Trusts
(Jersey ... trusts
3. Ground No. 3: Income of the Appellant (being a revocable trust,
settled by ADIA) is exempt from tax in India as per Article
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
herself the right of revocation.
17. As to whether the said right of revocation
entitles the settlor to revoke the trust deed as a whole ... Indian Trust Act, 1882 particularly, Section 77(d)
empowers any settlor to a trust, to revoke the trust
deed if such right of revocation
liable to be taxed under
Maximum Marginal rate. As per the Trust deed/Contribution deed, it is the
assessee who is liable ... made by the
beneficiary is a revocable transfer and hence the assessee should be
considered as a revocable trust, in which case, the income
Trust deed. It is further submitted
by the learned counsel that Clause (9) of the Trust deed
provides that if for any reason the Trust ... property of the trust and money to the proprietor only when the
proprietor decides to revoke the Trust. Only after revocation of
the Trust
World Sport Group (Mauritius) Ltd, ... vs Dcit (It) 4(3)(2), Mumbai on 24 March
utilised for the purpose of the religious
community. Even if the trust was revocable, the property was not to
go back to the Satguru ... that the properties would vest in the trust and cl. 25
provided that the trust shall be revocable at the discretion of the
Council
Board Of Trustees Of Port Of Kandla ... vs Western Trading Co on 23 February, 2023
illegal,
void and amounted to criminal breach of trust and
thus as such the revocation was illegal.
Subsequently under Ex.C33 dated
