https://www.taxtmi.com/caselaws?id=28658 In a completed public charitable dedication, trust property is not brought into the dutiable estate merely because the deed contains management or revocation language. Remuneration for a managing trustee does not amount to a reserved beneficial interest, and a clause purporting to revoke a public charitable trust is legally ineffective because such a trust cannot be revoked once validly dedicated to charity. The Indian Trusts Act does not govern public or charitable endowments, and the Bombay Public Trusts Act supports that position. Accordingly, an invalid power of revocation cannot attract estate duty under section 12(1) of the Estate Duty Act. en-us Thu, 15 Jan 1981 00:00:00 +0530 Thu, 26 Jun 2025 16:39:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28658 In a completed public charitable dedication, trust property is not brought into the dutiable estate merely because the deed contains management or revocation language. Remuneration for a managing trustee does not amount to a reserved beneficial interest, and a clause purporting to revoke a public charitable trust is legally ineffective because such a trust cannot be revoked once validly dedicated to charity. The Indian Trusts Act does not govern public or charitable endowments, and the Bombay Public Trusts Act supports that position. Accordingly, an invalid power of revocation cannot attract estate duty under section 12(1) of the Estate Duty Act. Case-Laws Income Tax Thu, 15 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28658