https://www.taxtmi.com/highlights?id=31007 Exemption u/s 11 - Section 13(1)(c) of the Act does not prohibit normal transactions between the trust and the persons referred to in sub-section (3) of the Act. What is relevant is the use or application of any part of the income of the trust directly or indirectly for the benefits of any such person referred to in subsection (3). - HC en-us Thu, 01 Sep 2016 14:06:20 +0530 Thu, 01 Sep 2016 14:06:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=31007 Exemption u/s 11 - Section 13(1)(c) of the Act does not prohibit normal transactions between the trust and the persons referred to in sub-section (3) of the Act. What is relevant is the use or application of any part of the income of the trust directly or indirectly for the benefits of any such person referred to in subsection (3). - HC Highlights Income Tax Thu, 01 Sep 2016 14:06:20 +0530 https://www.taxtmi.com/highlights?id=31007