https://www.taxtmi.com/caselaws?id=8101 A charitable trust may be created without a formal deed where the donor's words clearly show an intention to dedicate property for charitable purposes, followed by divestment and vesting in trustees; on the facts, the donor's letter and the subsequent payment and investment in the assessee's name established a valid trust for that amount. The phrase "such similar philanthropic objects" was construed ejusdem generis with the preceding specific charitable objects, so the trust purposes were not too vague. The trust was therefore treated as validly created, its objects as sufficiently definite and charitable, and exemption was available. en-us Tue, 19 Jan 1971 00:00:00 +0530 Sat, 28 Mar 2009 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8101 A charitable trust may be created without a formal deed where the donor's words clearly show an intention to dedicate property for charitable purposes, followed by divestment and vesting in trustees; on the facts, the donor's letter and the subsequent payment and investment in the assessee's name established a valid trust for that amount. The phrase "such similar philanthropic objects" was construed ejusdem generis with the preceding specific charitable objects, so the trust purposes were not too vague. The trust was therefore treated as validly created, its objects as sufficiently definite and charitable, and exemption was available. Case-Laws Income Tax Tue, 19 Jan 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8101