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1948 (3) TMI 43 - HC - Income TaxExtract: .......nd in Halsbury's Laws of England (vol. 4, p. 200), it is open to a person to make a trust of personalty in favour of charity which is a revocable trust. Therefore in our opinion the answer to the question raised by the Tribunal must be in the affirmative. The Department must pay the costs of the reference. Reference answered in the affirmative.
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