https://www.taxtmi.com/caselaws?id=8098 Rectification under the Specific Relief Act corrects an instrument affected by fraud or mutual mistake but does not validate its substantive terms. A trust deed that combines charitable and non-charitable objects and permits trustees to apply income to non-charitable purposes is invalid, notwithstanding a valid rectification decree. A valid charitable trust, whether recognised as a juristic person or acting through trustees, may enter into partnership; an invalid trust cannot support a valid partnership deed. Surrounding circumstances may establish that an apparent partnership is not genuine. Unvouched black-market purchase rates may be estimated from available evidence, market conditions, earlier rates, and the relationship between vouched and unvouched purchases. en-us Fri, 04 Dec 1970 00:00:00 +0530 Sat, 28 Mar 2009 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8098 Rectification under the Specific Relief Act corrects an instrument affected by fraud or mutual mistake but does not validate its substantive terms. A trust deed that combines charitable and non-charitable objects and permits trustees to apply income to non-charitable purposes is invalid, notwithstanding a valid rectification decree. A valid charitable trust, whether recognised as a juristic person or acting through trustees, may enter into partnership; an invalid trust cannot support a valid partnership deed. Surrounding circumstances may establish that an apparent partnership is not genuine. Unvouched black-market purchase rates may be estimated from available evidence, market conditions, earlier rates, and the relationship between vouched and unvouched purchases. Case-Laws Income Tax Fri, 04 Dec 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8098