https://www.taxtmi.com/caselaws?id=77719 HC held that an interest-free loan of Rs. 90,50,000 advanced by the assessee-society to another society did not contravene s.13(1)(d) read with s.11(5) of the Act and therefore did not disentitle the assessee to s.11 benefits. The loan was treated neither as an investment nor as a deposit, both societies shared similar objects, were registered under s.12A and had s.80G approvals, and the loan being interest-free and subsequently repaid supported the conclusion. en-us Wed, 28 Jul 2010 00:00:00 +0530 Thu, 28 Aug 2025 13:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77719 HC held that an interest-free loan of Rs. 90,50,000 advanced by the assessee-society to another society did not contravene s.13(1)(d) read with s.11(5) of the Act and therefore did not disentitle the assessee to s.11 benefits. The loan was treated neither as an investment nor as a deposit, both societies shared similar objects, were registered under s.12A and had s.80G approvals, and the loan being interest-free and subsequently repaid supported the conclusion. Case-Laws Income Tax Wed, 28 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77719