Court : Guwahati
Decided on : Jun-01-1982
..... deed is, therefore, valid and legal. in our opinion, the contention raised on behalf of the department is not at all tenable. section 7 of the act (indian trusts act, 1882) reads as follows : '7. a trust may be created- (a) by every person competent to contract, and (b) with the permission ..... persons later on cannot object. mr. talukdar counters the above submission, of dr. saraf and contends that as some of the properties of the partnership, namely,the ridging machine under the name and style of shree ganga industries also became the subject-matter of the trust, therefore, it was necessary ..... capital of sita devi sikaria and bhagawati prasad sikaria and other members of the family in their individual capacity appearing in the books of the partnership business carried on under the name and style of shri shankar rice mill shall not belong to the trust but shall remain their individual property ..... industries at gauhati in the state of assam, between gangadhar sikaria, sita devi sikaria and bhagawati prasad sikaria shall cease to function as a partnership business and shall belong to the trust with all its assets and liabilities as per books of accounts save and except the investment of capital ..... the trustees upon trust and set apart the said rice mill property more particularly described in schedule a and joint family capital in the partnership business of shri shankar rice mill and the ridging machinery of shri ganga industries more particularly described in schedule b and the building at .....Tag this Judgment!
Court : Guwahati
Decided on : Aug-09-1982
..... : 105itr56(orissa) , for the assessment years 1968-69 and 1969-70, the assessee, an individual, deriving income from his share in a partnership business filed returns of income disclosing only his share of income from the said firm. assessments were completed for these two years on february 28, 1970, and ..... brothers v. union of india : 77itr107(sc) . there, on may 26, 1960, a notice under section 22(2) of the indian i.t. act, 1922, was served on the appellant-firm calling upon it to submit a return of its income for the assessment year 1960-61 (accounting year ending ..... the property to be evacuee property; and it was only thereafter that the property vested in him as evacuee property. further, the second mysore act also defined the 'custodian general' as the custodian-general of evacuee property in india so appointed by the government of india under section 3 of ..... evacuee properties which had vested in him, as the respondents had become evacuees. thereupon two claims were filed under section 8 of the first mysore act separately by the two respondents. these claims were investigated by the deputy custodian, who dismissed the same on april 17, 1950, declaring that the ..... of the constitution challenging the adjudication proceedings on various grounds, the principal grounds being that section 23(1)(a) and section 23d of the act were ultra vires article 20(2) of the constitution and that the offence having been committed in 1954, the proposed adjudication was illegal and entirely .....Tag this Judgment!