https://www.taxtmi.com/caselaws?id=186085 The appeal was filed against the Commissioner of Income-tax(Appeals) order regarding entitlement to benefit under section 11 of the Income-tax Act, 1961 and violation of section 13(1)(c). The Commissioner found no contravention of section 13(1)(c) and granted the exemption under section 11 to the educational organization. The Assessing Officer's contention of violation of section 13(1)(c) was dismissed as the transactions were repayments of loans, not additional benefits to the managing trustee. The appeal by the Revenue was dismissed, upholding the decision in favor of the appellant. en-us Wed, 05 Sep 2012 00:00:00 +0530 Wed, 07 Sep 2016 10:23:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186085 The appeal was filed against the Commissioner of Income-tax(Appeals) order regarding entitlement to benefit under section 11 of the Income-tax Act, 1961 and violation of section 13(1)(c). The Commissioner found no contravention of section 13(1)(c) and granted the exemption under section 11 to the educational organization. The Assessing Officer's contention of violation of section 13(1)(c) was dismissed as the transactions were repayments of loans, not additional benefits to the managing trustee. The appeal by the Revenue was dismissed, upholding the decision in favor of the appellant. Case-Laws Income Tax Wed, 05 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186085