JUDGMENT

Bharucha. J.-One S.K. Adityan founded a daily newspaper called the "Dina Thanthi" in 1942. On 1st March, 1954 he created a trust called the "Thanthi Trust". The property that he settled upon trust was the business of the said newspaper as a going concern. The objects of the Trust were to establish the said newspaper as an organ of educated public opinion for the Tamil reading public and to disseminate news and to ventilate opinion upon all matters of public interest through it. On 9th July, 1957 Adityan executed a supplementary deed of trust that declared that the Trust was irrevocable. On 28th July, 1961 Adityan executed another supplementary deed of trust. Thereby he directed that the surplus income of the Trust, after defraying all expenses, should be devoted to the following purposes :

- establishing and running a school or college for the teaching of journalism;

- establishing and/or running or helping to run schools, colleges or other educational institutions for teaching arts and science;

- establishing of scholarships for students of journalism, arts and science;

- establishing and/or ru