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AI Drafter ✕

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        News and Press Release

        Indian Trusts (Amendment) Bill, 2014

        December 5, 2014

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        The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, today approved the introduction of the Indian Trusts (Amendment) Bill, 2014 in the current session of Parliament to amend section 20 and 20A of the Indian Trusts Act, 1882.

        The amendments are intended to provide the trustees greater autonomy and flexibility to take decisions on investment of trust money. This would enable the Central Government to notify securities or class of securities, for investment by trusts and to remove the outdated provisions occurring in section 20 of the Indian Trusts Act, 1882.

        Trust investment autonomy expanded: government may specify allowable securities, increasing trustees' discretion under amended trust provisions. Amendments expand trustees' investment autonomy by removing outdated restrictions in section 20 and enabling the Central Government to notify securities or classes of securities that trusts may hold, broadening eligible investments and granting trustees greater flexibility in managing trust funds.
                          Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                            Provisions expressly mentioned in the judgment/order text.

                                Trust investment autonomy expanded: government may specify allowable securities, increasing trustees' discretion under amended trust provisions.

                                Amendments expand trustees' investment autonomy by removing outdated restrictions in section 20 and enabling the Central Government to notify securities or classes of securities that trusts may hold, broadening eligible investments and granting trustees greater flexibility in managing trust funds.


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