Tag Archives: trust

Disputes relating to trust deed not amenable to arbitration: SC

In an important ruling, the Supreme Court of India held that the disputes relating to trust, trustees and beneficiaries arising out of the trust deed and the Trust Act are not capable of being decided by the arbitrator despite existence … Continue reading

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CCI has inherent powers to review/ recall its orders: DHC

In an important ruling, the Delhi High Court held that Competition Commission of India (CCI) has the power to recall or review its order directing investigation though it is not an inherent power or expressly provided under the Competition Act. … Continue reading

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Cochin Port Trust assessable to sales tax: SC

The Supreme Court of India ruled that Cochin Port trust is a ‘dealer’ and falls within such definition under Kerala General Sales Tax Act (“Act”) and is consequently assessable to tax under the Act. Comparing the definition of a ‘dealer’ … Continue reading

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Deceased Settlor’s estate can’t be assessed in a discretionary trust: SC

The Supreme Court of India recently held that in a discretionary trust where the trustee has retained the income and not disbursed it amongst  the beneficiaries, the value of assets cannot be assessed on the estate of the deceased settlor. “Merely … Continue reading

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