proposed
changes of entries in the Trust.
4. Though in the original trust deed the 'Settlor'
includes Shri Manak Raj, his heirs, executors ... members of the trust was not accepted and
thus, the provisions under the trust deed for inducting the
heirs of the Settlor Manak Raj Munoth
holding that by the amended trust deed of 1958, the assessee-trust has not acquired the status of a trust wholly for charitable or religious ... settlor and the trustees were desirous of putting on record the true intention of the settlor and of the trusts created by him under
trust was created by one Laxmi Narain Lath who had
executed the indenture of trust on 25th August, 1948. The settlor of the
trust, Laxmi ... Walchand Diamond Jubilee Trust . The recital in the trust deed that fell for consideration in this case was that the settlor was anxious to strengthen
trust with that of Clause 2 (vi) of the trust deed executed by Laxmi Narain Lath it will be clear that in this trust ... trust was to benefit the employees of a particular concern or their children only, the trust would not be a charitable trust within the meaning
Tribunal are as under ;
2. The assessee-trust, viz., "Laxminarain Lath Trust", was created by a deed of indenture by one Shri Laxmi ... trustees had all along treated the trust as a public trust and applied the income of the trust solely for the furtherance of the objects
settlors were to receive commission on the sale of suga.. at 1.1/8%. The settlors then created a trust on November 3, 1964, by executing ... thereafter and that the property that was settled by the settlors with the trust had extinguished during the years under appeal. The right to receive
concerning the same, that is to :--
1. This trust shall be called "UMAID CHARITABLE TRUST".
2. The trustees shall hold the said ... objects of the trust with the powers conferred on the trustees. The opening part of the trust says that " the settlor is desirous
showed that it was an out and out discretionary trust and not a specific trust, as had been held by the Income-tax Officer ... intestate and possessed of the said whole of the trust fund but excluding the settlors if they happen to be one of such heirs
assessee-trust was settled by H.H. Maharaja Gaj Singh of Jodhpur, vide registered trust deed dated March 25, 1972. The settlor donated ... were dropped on October 17, 1985. It was found that the settlor of trust was one of the directors of Marudhar Hotels
profits and that it is open to a settlor when creating a trust to make it advantageous to the person appointed trustee to undertake ... trusteeship so that there was nothing illegal in a settlor authorising by the instrument of trust the trustee to invest the trust money
