belonging to him. The three widows of the testator who survived him were appointed trustees of the charities for their lives. The first defendant
trustees, it is exempted and
not taxable in the hands of the trustees. In our opinion, there is merit in the
argument ... Carmel Educational Trust survived as it is, then they have
the right to continue as a Trustee throughout their life time. Once it has ceased
trustees, it is exempted and
not taxable in the hands of the trustees. In our opinion, there is merit in the
argument ... Carmel Educational Trust survived as it is, then they have
the right to continue as a Trustee throughout their life time. Once it has ceased
The Government Of Tamil Nadu vs Saravana Pandian on 28 March, 2017
Author: S.S
aforesaid beneficiaries, the trustees or their heirs shall forthwith convey and transfer the trust property -to the then surviving heirs of the husband ... that Clause and therefore, the question of appointment of a trustee did not survive and this preliminary objection raised was sustained by the Supreme Court
twenty-five leaving a male issue or issues surviving him., the trustees should possessed of his one half of the said 160 shares on trust
death.
(b) If my wife survives me as to the remaining one-half of the said shares my Trustees shall stand possessed of the income ... benefit absolutely.
(c) Should my wife survive me then on her death my Trustees will within six months of her death offer to Sir James
vested in him in his capacity as trustee. Dalooram died on December 19, 1953, leaving surviving him his son, Jai Narayan Jai Govind. In respect
failing him, to the other surviving heirs of Shri Pankaj Mohan. In clause 4 it was provided that the trustee shall hold the trust property ... accumulation thereto to the beneficiary in the manner indicated therein whereupon the trustee shall stand discharged, otherwise the trust shall remain in full force
such a trustee cannot be exempted from the charge under Section 5 . The fact that the deceased has been constituted as a trustee ... that case the settlor was a trustee of the settlement until his death in 1958, his son surviving the testator. The Court held that estate