https://www.taxtmi.com/caselaws?id=183753 A charitable trust is not invalid merely because the trustees are left discretion to choose the specific charitable objects, institutions, time, or manner of application, so long as the deed clearly shows an intention to devote the property to charity. That discretion is confined to charitable application and does not permit indefinite withholding of income. Trustees remain bound to administer the trust reasonably, and the court may intervene if they fail to do so. On this reasoning, a deed without a named specific charity was not treated as illusory, the trust was regarded as valid charitable, and the income from the settled shares was treated as exempt from income-tax. en-us Thu, 05 Jan 1956 00:00:00 +0530 Mon, 20 Jun 2016 17:57:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183753 A charitable trust is not invalid merely because the trustees are left discretion to choose the specific charitable objects, institutions, time, or manner of application, so long as the deed clearly shows an intention to devote the property to charity. That discretion is confined to charitable application and does not permit indefinite withholding of income. Trustees remain bound to administer the trust reasonably, and the court may intervene if they fail to do so. On this reasoning, a deed without a named specific charity was not treated as illusory, the trust was regarded as valid charitable, and the income from the settled shares was treated as exempt from income-tax. Case-Laws Income Tax Thu, 05 Jan 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183753