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A question of trusts

With the income tax department cancelling Tata Trusts registration, the first of a two-part article examines the flaws in the laws governing charitable trusts

J N Gupta 

J N Gupta

Headlines such as “Income Tax department cancels registration of Tata Trusts”, “How the Tax Department cancelled Tata Trusts Registration” make one wonder why form has overpowered substance in our tax system, despite a slew of fast-paced reforms to make it progressive and assessee-friendly. Is the law a servant of logic or its master? The fundamental question that needs to be asked is whether the law should be enforced if it comes to contradict logic.

Every law when enacted has a mother statement setting out the objective of law, which is the essence of law. The ...

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First Published: Tue, November 26 2019. 20:50 IST
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