trust fund upon trust for the settlor and if the settlor is not alive for children of the settlor as may then be living ... trust for brother of the settlor, Hemal Nalinkant, sister of the settlor, Bhargavi Nalinkant, and mother of the settlor, Pramilaben Nalinkant, in equal shares
trust fund upon trust for the settlor and if the settlor is not alive for children of the settlor as may then be living ... trust for brother of the settlor Hemal Nalinkant, sister of the settlor Bhargavi Nalinkant and mother of the settlor Pramilaben Nalinkant in equal shares
change in the constitution of the settlor's family. Therefore once the Tribunal had found that the beneficiaries were twenty-four in number during ... strength of a trust deed and if a settlor himself does not specify the beneficiaries or their shares thereunder, the revenue can at once proceed
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
Gujarat University & 2 vs Praful Ramanlal Kandoi on 21 October, 2016
Author: J.B
with a view to protect the beneficiary against Creditors, or
to continue to exercise control over, improvident beneficiaries or
to react to changes ... income shall belong and be paid to the
Settlor during the life time of the Settlor and thereafter to the
appellant during the life
Gira, Geeta, Vikram and Settlor's daughter Anarkali or the survivors or survivor of them"
Bhartidevi Sarabhai (Settlor) settled the shares and investment ... were to be settlor's sister Gira and Gita and settlor's daughter Anarkali. After 25/3/1978, the beneficiaries were
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
identical terms, except in regard to the minimum amounts payable to the beneficiaries out of the income of each year. However, there was one further ... years. Under each of the trust deeds, the settlor specified the interest of the beneficiaries in the trusts. The WTO made the assessment orders
taxed in the hands of the settlor and also in the hands of the trustee or beneficiary or in the hands of both the trustees
