2005 (1) TMI 88

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..... " for opinion to this court: "1. Whether in law and on facts of the case the Tribunal was justified in confirming the Commissioner of Wealth-tax (Appeals)'s decision deleting the addition of Rs. 6,87,077 made on account of value of shares transferred to the trust? 2. Whether in law and on facts of the case, the Tribunal was justified in holding that there was a valid trust in existence even .....

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..... d deleted addition, which order has been upheld by the Tribunal. We have heard Sri Shambhoo Chopra, learned standing counsel for the Revenue, and find that the Delhi High Court in the case of CIT v. Brig. Kapil Mohan [2001] 252 ITR 830 has held that such a trust is a valid trust and a trust can be created for an unborn child also. This court in W. T. R.No. 132 of 1982, Wife of Rakesh Mohan P. Tr .....

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