Tribunal that the trust is a public trust for be utilised for charities which according to the trust would include "donations to erect funds ... this trust cannot function for any reason whatsoever the trust shall be dissolved and the trust property respectively be returned to the settlors and future
clause (iii) where the trust is anon-testamentary trust created before March 1, 1970, for the exclusive benefit of the settlor's relatives mainly ... dispute that the trust is a non-testamentary trust created before March 1, 1970. The trust was created on January 27, 1951, by Gunvantlal Jivanlal
where the trust is anon-testamentary trust created before March 1, 1970, for the exclusive benefit of the settlors relatives mainly dependent ... dispute that the trust is a non-testamentary trust created before March 1, 1970. The trust was created on January 27, 1951, by Gunvantlal Jivanlal
trust within a trust holding that the trust deed dated March 5,1968, created twin trusts, viz., one requiring the trustees of the Jadi Trust ... trust fund (hereinafter called the net income of the trust fund') to the trustees of the said deed of trust created by the settlor
would be applicable in assessing the present trust.
2. The assessee is a trust. The trust was created by a declaration made ... stipulated in the trust. But, there is no evidence that any trust fund was misutilised by the trustees or by the settlors during all these
held that the trust was valid and that the income was an income of the trust and not that for the settlor. In view ... income of the trust and though the income was held to be that of the trust and not of the settlor, yet it was held
relevant provisions of the trust deed dated 6th April, 1944, of the Hemant Bhagubhai Trust, the income of the trust was includible in the assessable ... accumulated Trust Fund (i.e., the original Trust Fund plus the accumulated income thereof under sub-clause (b) hereof) upon Trust to apply
have no application unless the source of the income is held under trust or other legal obligation, wholly or partly, for a religious or charitable ... transfer of property as such top the trust and the property remained the property of the settlor and 1/4th of the income from
transaction, a transfer from the capital account to the trust fund. So the settlor in respect of these amounts is really the four partners whose ... transfer to the trust. There is only one transaction, a transfer from the capital account to the trust fund. So the settlor in respect
panditiya Terrace. Calcutta in trust making herself the sole trustee. Under the said trust the settlor retained unto herself a life interest in the said ... trust contained no express provision authorising the trustee to sell the property of any contingency.
3. According to the settlor Smt. Nilima Ghosh, it being
