https://www.taxtmi.com/caselaws?id=25409 The court ruled in favor of the assessee and against the Revenue in a case involving the validity of a trust, the role of the founder, and the assessment status of trustees. It found the trust valid, confirmed the founder's contribution of Rs. 1,40,000, and clarified that minors' properties were not part of the trust. The court allowed a gratuity deduction but rejected bad debt claims. Trustees were to be assessed as representative assessees. Previous judgments were applied to support the court's decisions. en-us Sun, 21 Oct 1984 00:00:00 +0530 Thu, 28 Jan 2010 13:52:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25409 The court ruled in favor of the assessee and against the Revenue in a case involving the validity of a trust, the role of the founder, and the assessment status of trustees. It found the trust valid, confirmed the founder's contribution of Rs. 1,40,000, and clarified that minors' properties were not part of the trust. The court allowed a gratuity deduction but rejected bad debt claims. Trustees were to be assessed as representative assessees. Previous judgments were applied to support the court's decisions. Case-Laws Income Tax Sun, 21 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25409