https://www.taxtmi.com/caselaws?id=61832 The ITAT dismissed the revenue's appeal, upholding the trust's entitlement to exemption under section 11 of the Income-tax Act. The loans given by the trust were deemed appropriate expenditures in line with the trust's charitable and religious objectives, including loans to community members, fish business loans to women, and loans for marriage purposes. The ITAT concluded that the trust's expenditure, which also included murder case expenses and temple expenses, qualified for exemption under section 11 as it was exclusively for the trust's purposes. en-us Thu, 06 Aug 1992 00:00:00 +0530 Sat, 15 Jan 2011 15:24:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61832 The ITAT dismissed the revenue's appeal, upholding the trust's entitlement to exemption under section 11 of the Income-tax Act. The loans given by the trust were deemed appropriate expenditures in line with the trust's charitable and religious objectives, including loans to community members, fish business loans to women, and loans for marriage purposes. The ITAT concluded that the trust's expenditure, which also included murder case expenses and temple expenses, qualified for exemption under section 11 as it was exclusively for the trust's purposes. Case-Laws Income Tax Thu, 06 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61832