Active Trust - Law Dictionary Search Results
active trust
Matched in: Term active trust
Active trust
Matched in: Term Active trust
trust
Matched in: Term trust
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Passive trust
Matched in: Term Passive trust
Uses
use. In general, however, there was but little difference in the terms 'use' and trust. See OFFICIAL USE; ACTIVE USE; PASSIVE TRUST, and infra. Uses may be classified as:- I. Present or executed; distributable into:- (a) Those
Business
J.K. Trust Bombay v. CIT, (1958) SCR 65: 1957 SCJ 845: AIR 1957 SC 846. Business includes the activities carried on by any public body, Halsbury's Laws of England, Vol. 20, 4th Edn., Para 546, p. 357.
Not involving the carrying on of any activity of profit
the fourth category of charitable purpose, it would be necessary to show that (1) the purpose of the trust is advancement of any other object of general public utility, and (2) the above purpose does not involve … Not involving the carrying on of any activity of profit, as a result of the addition of the words 'not involving the carrying on of any
Trust
Matched in: Term Trust
Involve
Involve, The word 'involve' does not necessitate the bringing out of the profit motive of an activity expressly in the deed of trust, Sole Trustee Loka Sikshana Trust v. Commissioner of Income Tax, AIR 1976
Executed trust
Matched in: Term Executed trust
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