https://www.taxtmi.com/caselaws?id=181065 The Gujarat High Court ruled in favor of the assessee trust, holding that the use of FDRs for the benefit of an individual, lending FDRs, and unauthorized use of FDRs as security were not permissible actions. The court emphasized the importance of adhering to the trust's objectives and proper utilization of trust funds. en-us Mon, 11 May 2009 00:00:00 +0530 Wed, 06 Apr 2016 16:49:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181065 The Gujarat High Court ruled in favor of the assessee trust, holding that the use of FDRs for the benefit of an individual, lending FDRs, and unauthorized use of FDRs as security were not permissible actions. The court emphasized the importance of adhering to the trust's objectives and proper utilization of trust funds. Case-Laws Income Tax Mon, 11 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181065