Sree
Parukkanchery Bhagavathi Temple is managed by a Trustee
Board consisting of five hereditary trustees. The surviving
hereditary trustees are arrayed as respondents
purpose of creation of the Trust. The court below noticed
that 15 surviving members of the Trust had entered into the so called
compromise. Thus ... court below
found that the compromise allegedly entered into by the surviving trustees
had no binding effect on the Trust. The court further found that
themselves could not revoke or change it. The surviving testators will then assume the role of trustees on behalf of the legatees and they will
trustee (hereinafter called the trustees assurance) shall be an endowment assurance without participation in profits payable on the employees survival until or on his death ... should the employee so survive, is hereinafter referred to as the date of maturity.
The sum assured under each trustees assurance shall be such
Trust wherein these persons
were trustees, it is exempted and not taxable in the hands of the trustees. In our
opinion, there is merit ... 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
Trust wherein these persons
were trustees, it is exempted and not taxable in the hands of the trustees. In our
opinion, there is merit ... 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
Trust wherein these persons
were trustees, it is exempted and not taxable in the hands of the trustees. In our
opinion, there is merit ... 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
Trust wherein these persons
were trustees, it is exempted and not taxable in the hands of the trustees. In our
opinion, there is merit ... 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
Trust wherein these persons
were trustees, it is exempted and not taxable in the hands of the trustees. In our
opinion, there is merit ... 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
Trust wherein these persons
were trustees, it is exempted and not taxable in the hands of the trustees. In our
opinion, there is merit ... 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