https://www.taxtmi.com/caselaws?id=29062 Property settled under a trust deed was held outside the deceased settlor's estate because the original settlement did not reserve a beneficial interest or an express power of revocation in the settlor. The trust deeds were construed together, but later rectification or supplementary deeds executed by the trustees could not enlarge the settlor's authority beyond the original instrument. Charges for maintenance of family members and other payments from trust property did not amount to a reservation of interest under section 12(1) of the Estate Duty Act, and the trust was not revocable within the meaning of section 78 of the Indian Trusts Act, 1882. en-us Thu, 14 Jan 1982 00:00:00 +0530 Wed, 10 Mar 2010 15:37:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29062 Property settled under a trust deed was held outside the deceased settlor's estate because the original settlement did not reserve a beneficial interest or an express power of revocation in the settlor. The trust deeds were construed together, but later rectification or supplementary deeds executed by the trustees could not enlarge the settlor's authority beyond the original instrument. Charges for maintenance of family members and other payments from trust property did not amount to a reservation of interest under section 12(1) of the Estate Duty Act, and the trust was not revocable within the meaning of section 78 of the Indian Trusts Act, 1882. Case-Laws Income Tax Thu, 14 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29062