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1982 (9) TMI 8 - HC - Income TaxExtract: ....... regards the object, and (2) as regards the beneficiaries nor does it offend the rule against perpetuity. We have to, therefore, hold that the trust deed is legally valid. The result is that both the questions are answered in the affirmative and against the Revenue. The assessee will have his costs from the Revenue. Counsel s fee Rs. 500 (one set).
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