fide exclusively for the benefit of the relatives of the settlor, or where the settlor is a Hindu undivided family, exclusively for the benefit ... trust were minor sons and daughters of the settlors and that none of the beneficiaries had any independent income as they were dependent
that the profits of that year had been divided amongst the settlors and beneficiaries and no profits had been allocated to the charity fund. Thereafter ... There being no valid trust, there could be no beneficiary, no charity, no settlor or donor and consequently the fate of all assessments made
settlor of a trust and it cannot include the settlor himself. In other words "relatives" does not mean settlor and other persons ... another as urged on behalf of the assessee. The settlors themselves being beneficiaries under the trust, prima facie the trust cannot be said exclusively
settlor of a trust and it cannot include the settlor himself. In other words "relatives" does not mean settlor and other persons ... another as urged on behalf of the assessee. The settlors themselves being beneficiaries under the trust, prima facie the trust cannot be said exclusively
from February 1, 1983 of the trust of which the beneficiaries would be the settlor's grandsons. Having found that in view
that in case of loss, it should be divided among the major beneficiaries. The trust deed provided that "the trust would cease ... when decided by the settlors and the assets would be divided equally among the beneficiaries. "The trust filed its return in respect
management
from leasing the land. The appellant beneficiary being a
woman, the settlors must have thought that she may not be
able to personally carry ... management
from leasing the land. The appellant beneficiary being a
woman, the settlors must have thought that she may not be
able to personally carry
term of interest given to its beneficiaries by Will alone, order of the court permitting settlor to revoke that clause and to permit such alteration
trustees for the benefit of the minor beneficiary. It may be mentioned that the trustees were the two major sons of the tenant ... solicitor of this court. The beneficiaries of the trust are the minor children of the settlor. The said property consists of a two-storeyed building
trust making herself the sole trustee. Under the said trust the settlor retained unto herself a life interest in the said property with a further ... order to effect the sale both the beneficiaries, namely the settlor herself and her daughter-in-law by an instrument dated August 19. 1980 agreed
