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
arrangement:-
The The Trustees The Primary Contingent
Settlor Beneficiaries Beneficiary
Prafulla FIRST TRUSTEE- i. The Settlor Rabindra Nath of
Chandra Settlor: Prafulla ii. Uma Rani ... suit. In the Trust
deed of 1961 itself the settlor, Prafulla, husband of the beneficiary sole
24
trustee has stated that his wife contributed
also the beneficiaries. Thus, in
the instant case, the settlor and beneficiaries are the same and identical. The
AO further held that the trust ... three constituents, i.e. settlor, contributor
and beneficiary and all the three constituents are independent and distinct
whereas in the present case, contributors are also
Principal Beneficiary of the Trust
Fund and pay the income from the Trust fund to the
Principal Beneficiary - the settlor- Shri.
NarayanaswamyRamamoorthyfor life.
Clause ... trust deeds
actually make the trustees subservient to the Settlor
Principal beneficiary. As per clause 13 of the Trust
Deeds read with Schedule
persons who were partners/members in the
firm/AOP/BOI or settlor/trustee/beneficiary in the trust or
executors in the case of estate ... dependent relative of the settlor and/or is the only trust
declared by the settlor? Blank
4. Whether all the beneficiaries have income below basic
beneficiaries means.
a. The Settlor
b. The spouse of the settlor
c. The children and remoter issue of the settlor
d. Such other objects ... sake of convenience.
"1.6 "Beneficiaries" means the beneficiaries of this Trust, which constitute:
a) The Settlor;
b) The spouse of the Settlor
account holders, name(s) of the beneficial
owner(s)/settlor(s)/beneficiaries, and if the account was held through an
entity, whether
acquiring the stressed assets and NPAs of erstwhile IDBI, where the settlors
and beneficiary is GOI itself. The Transfer deed executed between the erstwhile IDBI
