Oral trusts are trusts lacking duly executed written instruments and not deemed written trusts under income-tax law.

An oral trust is a trust not declared by a duly executed instrument in writing, with the written instrument category expressly including a wakf deed valid under the Mussalman Wakf Validating Act, 1913. It remains an oral trust only where it is not deemed to have been declared by such written instrument under the applicable deeming provision.

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