trustees and they are
not permitted to be trustees of Indian resident trusts. Indian Courts
have held that a non- resident cannot be a trustee ... surviving or continuing trustees or trustee for the time being,
or legal representative of the last surviving and continuing trustee,
or (with the consent
were the trustees. The word "Trustees" was taken to mean in the trust deed for including the continuing or surviving trustees or trustee
business held under Trust is being carried on merely for the survival and existence of the Trust;
3. The Trust cannot apply its income/profit ... Deed dated 23-11-1982 had to be executed by the surviving Trustees in view of the fact that the original Trust Deed
donor were conducted by Mr. Anil Sanganeria
who was the erstwhile trustee of the trust and one of the authorized signatory ... August, 2013 and after his
demise the assessee trust and the surviving trustees informed the Ld CIT(E) their
helplessness in explaining the exact modalities
trust to the exclusion of the other trustees. In fact, the surviving trustees had
also resigned from the trust upon the entry
trust to the exclusion of the other trustees. In fact, the surviving trustees had
also resigned from the trust upon the entry
trust to the exclusion of the other trustees. In fact, the surviving trustees had
also resigned from the trust upon the entry
trust to the exclusion of the other trustees. In fact, the surviving trustees had
also resigned from the trust upon the entry
trust to the exclusion of the other trustees. In fact, the surviving trustees had
also resigned from the trust upon the entry
trust to the exclusion of the other trustees. In fact, the surviving trustees had
also resigned from the trust upon the entry
