1981 (1) TMI 50

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..... , it is clear that the said extent has come to vest in the trustee, who is none else than the author of the trust and who must hold the lands and utilise the income therefrom for the purposes specified in the said deed. Subsequently under the deed, dated April 1, 1969, an extent of ac. 14'38 out of 30 acres was taken and was endowed to and in favour of the petitioner-school in these writ petitions .....

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..... eaks of charge of agrl. income-tax on the total agrl. income of the previous year of every person. The expression " person " has been defined under S. 2(q) of the Act. So also the expression " to hold " has been defined under S. 2(nn) of the Act. A reading of these provisions clearly conveys to one's mind that there could be holdings by different persons and unless the holdings are by one and the .....

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