trust
and created a trust known as "Jayantilal Amratlal Charitable
Trust" to carry out the following various objects set out in
the Trust ... Trust Deed was registered with the Charity Commissioner
under the Bombay Public Trust Act, 1950 . The Department
accepted this trust as a valid charitable trust
implementing the objects described in
the Trust deed. Under the Trust deed three trustees were
appointed, including the settlor. It will be convenient at
this ... trust
deed.
Clause 3. The Trustees shall hold and stand
possessed of the Trust Fund upon Trust.
(a) To manage the Trust Fund
Second) Trust"-
hereinafter called 'the Family Trust'. Of both these
Trusts, Yeshwant Rao Ghorpade, Ruler of Sandur, is the
settlor ... inconsistent with the intent and
purposes of the Trust.
Simultaneously with the Charitable Trust, the Family Trust
was executed. Initially the settlement was to operate
various purposes of the trust--Such
direction whether makes trust revocable--Whether property of
trust indirectly re-transferred to the settlor--Income from
trust whether ... income were unmistakably impressed with the obligations
arising out of the trust. The settlor certainly obtained a
benefit from the trust consequent upon the satisfaction
trust by assessee-Beneficiaries of the
Trust are assessees and other persons-Trust and revocable
within six years-If the income of the Trust ... given by
the original deed of trust", and the trust was therefore not
a revocable trust as contemplated
various purposes of the trust--Such
direction whether makes trust revocable--Whether property of
trust indirectly re-transferred to the settlor--Income from
trust whether ... income were unmistakably impressed with the obligations
arising out of the trust. The settlor certainly obtained a
benefit from the trust consequent upon the satisfaction
Whether on a true construction of the deed of
declaration of trust dated 5th March , 1951,
the net dividend income ... proviso, this disposition would be exempt. But by
the deed of trust, the settlor holds the shares in trust;
the shares do not remain
Mirza Raja Shri Pushavathi Viziaram ... vs Shri Pushavathi Visweswar Gajapathi ... on 19 March, 1963
Equivalent
Mirza Raja Shri Pushavathiviziaram ... vs Shri Pushavathi Visweswargajapathi ... on 19 March, 1963
Equivalent citations: 1964
Income-tax
(4), there was a family trust out of which two grandsons of
the settlor had to be paid a portion of the income
