https://www.taxtmi.com/caselaws?id=270917 The Tribunal upheld the decision of the ld. CIT(A) in dismissing the Revenue's appeal, confirming that there were no violations of the Income Tax Act in relation to investments in chits and loans to another organization. The Tribunal found no breach of sections 11(5), 13(1)(d), 13(1)(c), and 13(3) of the Act, emphasizing the absence of any investment contrary to the Act's provisions and the charitable nature of the transactions. en-us Thu, 29 Oct 2015 00:00:00 +0530 Wed, 20 Jan 2016 05:54:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270917 The Tribunal upheld the decision of the ld. CIT(A) in dismissing the Revenue's appeal, confirming that there were no violations of the Income Tax Act in relation to investments in chits and loans to another organization. The Tribunal found no breach of sections 11(5), 13(1)(d), 13(1)(c), and 13(3) of the Act, emphasizing the absence of any investment contrary to the Act's provisions and the charitable nature of the transactions. Case-Laws Income Tax Thu, 29 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270917