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Judgment Search Results Home > Cases Phrase: formation of contract indian contract act Court: allahabad Year: 1977 Page 1 of about 2 results (0.074 seconds)

Apr 08 1977 (HC)

K.D. Pandey Vs. Commissioner of Wealth-tax

Court : Allahabad

Decided on : Apr-08-1977

Reported in : [1977]108ITR214(All)

..... ] 1 cal 191, a division bench of the calcutta high court referred to section 239 of the indian contract act and section 14 of the indian partnership act andhold that under the provisions of those two acts for the purpose of bringing the separate properties of a partner into the stock of the firm it ..... the entire building and that the entire value thereof should be included in his net wealth. 6. section 14 of the indian partnership act, 1932, reads: '14. subject to contract between the partners, the property of the firm includes all property and rights and interests in property originally brought into the ..... a division bench of the madras high court held that when a partner brings in certain items into the partnership at the time of its formation, such items become the property of the partnership and that such change of ownership is brought about not by any transfer, but by the very ..... as such, then by virtue of the provisions of the contract act and the partnership act, the properties become the properties of the firm and that this result is not prohibited by any provision in the transfer of property act or the indian registration act. 12. a similar view was taken by a division ..... building was transferred by the assessee to the partnership firm under an instrument of conveyance, such instrument should have been registered under the registration act in order to constitute a valid transfer. it is undisputed that in the present case there was no instrument under which the assessee purported .....

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Oct 06 1977 (HC)

Kishore Joo Vs. Guman Behari Joo Deo

Court : Allahabad

Decided on : Oct-06-1977

Reported in : AIR1978All1

..... apply to a public or private or religious endowments. however, the principles of. the english law of trusts which have been incorporated in the indian trusts act will apply to such trusts. section 48 of the indian trusts act provides that where there are more trustees than one, all must join in the execution of the trust except where the instrument of trust otherwise ..... bihari ju deo birajman, rainpur mandir through the administrator, the lower appellate court, however, held that the execution could not be allowed to proceed without mentioning the fact of the formation of the trust in the execution application and also without mentioning the names of the trustees and the chairman of the board of trustees in the execution application. it accordingly ..... ') do hereby constitute and creat a trust te be called as sri guman bihari ju ram-pur temple trust : whereas arising out of article 11 of the covenant for the formation of the former united state of vindhya pradesh, an inventory of private properties of his highness the maharajadhiraja of charkhari was settled between the government of india and his highness ..... . section 47 of the trusts act provides for the special circumstances in which a trustee may delegate his duties. such delegation is only permissible where (a) the instrument of trust so provides or (b) the delegation is in the regular course of business or (c) the delegation is necessary, or (d) the beneficiary being competent to contract consents to the delegation. none .....

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