Question
Suit against a trustee of a temple for account of trust
property and proceeds thereof-Solution
Limitation Act S.10. Suits against trustees and their representatives .—Notwithstanding anything contained in the foregoing provisions of this Act, no suit against a person in whom property has become vested in trust for any specific purpose, or against his legal representatives or assigns (not being assigns for valuable consideration), for the purpose of following in his or their hands such property, or the proceeds thereof, or for an account of such property or proceeds, shall be barred by any length of time.
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As per realization principle, revenue will be recognized:
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