efforts of these trustees
- considering these facts, the Board of trustees took a business
decision to pay remuneration to the trustees of the assessee trust ... resolution was passed by one
of the trustees, in fact the Board of Trustees consisted of various
trustees and they had passed the resolution
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
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
founder trustees
and Dr. Pankaj Garg and Ms. Vidushi Garg who are the founder trustees
are taking undue benefits by drawing huge remuneration from ... acting as trustees. It may be noted that trustees
can act in dual capacities i.e. one in the capacity as trustee and other
correct and, therefore, expenditure on account of
remuneration to trustees and their relatives was incurred for the objects of
the trust and no violation ... Accordingly, I hold that the
entire expenditure on account of remuneration to the trustees and their
relatives was incurred for the objects of the trust
financial statements for the period
ending 31.03.2018, the following trustees have been paid
remuneration as follows:
Particulars Relationship Amount ... Nirmala Founder Trustee 16,24,350/-
Diaz
Mr. Suresh Founder Trustee 9,75,000/-
Kuppu
Ms. Manorama Founder Trustee 6,93,635/-
Kamineni
Ms. Nirmala
these years, nor hold that expenditure incurred on Waqf fee, Trustee's remuneration or repair over furniture and fixtures which had been disallowed ... allowability of expenses disallowed by the ITO regarding Waqf fee, remuneration of trustees and expenditure on furniture and fixtures.
7. We take up for disposal
issue of
reasonableness of salary paid to the Managing Trustee and the Trustee
Secretary. The ld. AO observed looking at the salary payment schedule ... payment of remuneration to the Managing Trustee and the
Trustee Secretary. It was seen that the payment of remuneration
continued even when the main activity
from company, it was diverted in the
form of remuneration to the trustee, Mr Rustom Kerawala for
his benefit in terms of Sections ... correct since there is no payment of any remuneration to the trustee and
further in respect of the very same property, for the earlier years
