beneficiary or beneficiaries who are the
equitable owner (s) of the trust property. In the present case, since ADIA is
the settlor and the sole ... provision under the Indian Trust Act
also which debars the settlor from being beneficiary. In the case of Bhavna
Nalinkant Nanavati (supra), the settlor
property after such divestiture through the settlor as trustee. During the lifetime of the settlor, the settlor would be entitled to the benefits ... remained in possession through the Trustee (settlor) after the settlement was executed. Admittedly, both the settlor and the beneficiaries resided in the property
settlor ill treatment had been meted out to them
and the settlor had a feeling that after his life time, the beneficiary would ... beneficiary in possession of the said properties and the beneficiary has
taken possession of the same and the beneficiary shall enjoy the said
properties absolutely
Nizam, the settlor, since the settlor was empowered to effect changes in the trust and therefore the interest of the beneficiaries in the trust ... favour of any other beneficiaries. It also did not contemplate any change in the beneficiaries after the death of the settlor. Clause 11 empowered
natural love and affection of the Settlor for the Beneficiary, the Settlor, as the beneficial owner, assigns unto the Beneficiary the right, title and interest ... clearly contemplates that the income will be transferred to the beneficiary by the settlor after the settlor his received it and this will, be done
having sole beneficiary but the
issue is having settlor as sole beneficiary."
10.5.3.1 "This provision requires that the creation of Trust is
reposing ... holding that:
i. That M/s EL by becoming the settlor and the sole
beneficiary had reserved all the rights with itself to deal
with
Beneficiaries are the same and
identical, as against the Settlor and Beneficiaries are different in an ideal
Trust."
3. "On the facts ... also the beneficiaries. Thus, in
the instant case, the settlor and beneficiaries are the same and identical. The
AO further held that the trust
Beneficiaries are the same and
identical, as against the Settlor and Beneficiaries are different in an ideal
Trust."
3. "On the facts ... also the beneficiaries. Thus, in
the instant case, the settlor and beneficiaries are the same and identical. The
AO further held that the trust
Beneficiaries are the same and
identical, as against the Settlor and Beneficiaries are different in an ideal
Trust."
3. "On the facts ... also the beneficiaries. Thus, in
the instant case, the settlor and beneficiaries are the same and identical. The
AO further held that the trust
laws of a country outside India, in which one is
trustee, beneficiary or settlor. There are similar requirements in Form ... must be granted.
33. As there is no bar to the settlor and beneficiary being the same person
and in view of the judgment
