2017 (8) TMI 377

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..... the activities of the Trust and the section does not lay down that unless and until the clause of dissolution of the Trust is incorporated in the Trust Deed, the Trust cannot be registered. The statute takes care of the apprehension as is shown by the Director of Income Tax (Exemptions). The authority has observed that in case the objects / activities of the Trust cannot be carried out and it h .....

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..... tion of the respondent trust under Section 12A of the Act is assailed. 2 Mr. Kotangle, the learned counsel submits that the registration of trust was not granted by the authority CIT (Exemptions) to the respondent on the ground that the Trust Deed did not provide for a clause regarding dissolution of the trust. In absence of the clause for dissolution of the Trust, the Trust could not have been .....

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..... ities of the Trust and the section does not lay down that unless and until the clause of dissolution of the Trust is incorporated in the Trust Deed, the Trust cannot be registered. 5 The statute takes care of the apprehension as is shown by the Director of Income Tax (Exemptions). The authority has observed that in case the objects / activities of the Trust cannot be carried out and it has to b .....

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