https://www.taxtmi.com/caselaws?id=182999 The High Court of Allahabad upheld the Tribunal's decision granting an assessee-trust exemption under sections 11 and 12 of the Income-tax Act, finding no violation of section 13(1)(c)(ii). The Court affirmed the Tribunal's determination that the loan was properly secured and the interest rate was reasonable, leading to a ruling in favor of the assessee-trust. en-us Thu, 31 Aug 1995 00:00:00 +0530 Wed, 25 May 2016 18:50:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182999 The High Court of Allahabad upheld the Tribunal's decision granting an assessee-trust exemption under sections 11 and 12 of the Income-tax Act, finding no violation of section 13(1)(c)(ii). The Court affirmed the Tribunal's determination that the loan was properly secured and the interest rate was reasonable, leading to a ruling in favor of the assessee-trust. Case-Laws Income Tax Thu, 31 Aug 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182999