Trust Deed
entitles the Trustees to appoint a Managing Trustee and fix his
remuneration.
• During the year under consideration, the remuneration paid by Tata
Services ... light of Clause 9 of
the Trust Deed which entitles Trustees to a remuneration of Rs. 1000 only
and
b) The AO has not examined
prepared to act unless they are remunerated, but they have no greater right to remuneration than any other trustee, though there are special provisions where ... trustee. The evidence produced by the first respondent clearly show that it acts as a trustee. As far as the remuneration by the trustee
expenses for two assessment years :
1971-72
1972-73
Rs.
Rs.
Trustees remuneration
39,000
39,000
Secretarys imprest ... total income of the trust, the remuneration payable to the trustees. The remuneration payable to the trustees is not different in character from the payment
these years, nor hold that expenditure incurred on Waqf fee, trustees remuneration or repair over furniture and fixtures which had been disallowed ... surpluses he also disallowed expenditure incurred on waqf fee, trustees remuneration and expenses incurred on furniture and fixtures. He had disallowed an aggregate of amounts
assessment years :
1971-72 1972-73
Rs. Rs.
Trustee's remuneration 39,000 39,000
Secretary's imprest ... total income of the trust, the remuneration payable to the trustees. The remuneration payable to the trustees is not different in character from the payment
trustees shall be entitled to charge remuneration and be remunerated for rendering service as a trustees of these presents out of the income ... death, to the seniormost trustee in age. Clause 17 says that each of the trustees shall be entitled to charge remuneration for rendering service
without concatenating the complementary
clause 16 permitting the set off of remuneration to trustees as a charge on the receipts of
the appellant trust ... application of mind when the subject matter of payment
of remuneration to trustees was adumbrated during assessment proceedings and
prohibition in clause
without concatenating the complementary
clause 16 permitting the set off of remuneration to trustees as a charge on the receipts of
the appellant trust ... application of mind when the subject matter of payment
of remuneration to trustees was adumbrated during assessment proceedings and
prohibition in clause
collection of the income of the Trust
Fund and the remuneration of the trustees and of the members
of the Committee of Management ... collection of
the income of the Trust Fund and the remuneration of the
trustees and of the Committee of Management and the other
costs, charged
Income Tax- Exemption from taxation Agricultural income from
trust properties-Trustee's remuneration a Percentage of such
income and resting on trust deed-Remuneration ... trustee of the institutions
and was to get 15% of the net income of those lands as
trustee's remuneration. Before the income
