https://www.taxtmi.com/caselaws?id=219306 The Tribunal partially allowed the appeal, confirming exemption under Sections 11 & 12 of the Income-tax Act, 1961. It ruled in favor of the assessee society, finding no violation of Section 13 in providing interest-free advances to other societies and Total Diagnosis Private Limited. The Tribunal also permitted the traveling expenses disallowance, deeming it necessary for society work. The issue of interest under Section 234D was considered consequential, with directions given for its recomputation in accordance with the Tribunal's order. en-us Wed, 18 Jul 2012 00:00:00 +0530 Tue, 25 Sep 2012 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219306 The Tribunal partially allowed the appeal, confirming exemption under Sections 11 & 12 of the Income-tax Act, 1961. It ruled in favor of the assessee society, finding no violation of Section 13 in providing interest-free advances to other societies and Total Diagnosis Private Limited. The Tribunal also permitted the traveling expenses disallowance, deeming it necessary for society work. The issue of interest under Section 234D was considered consequential, with directions given for its recomputation in accordance with the Tribunal's order. Case-Laws Income Tax Wed, 18 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219306