https://www.taxtmi.com/caselaws?id=350759 The Tribunal upheld the denial of exemptions under sections 11 and 12 for the assessee due to violations of section 13, including excessive payments to specified persons and overseas expenditure. The Tribunal also agreed with disallowances of scholarship and salary expenses, addition of refundable security deposits as income, and ad-hoc car maintenance expenses. The Tribunal dismissed the assessee's appeal and Revenue's appeal, affirming the CIT(A)'s decisions on various grounds. Relief was granted for the land purchase payment and interest-free loan to another trust as charitable applications of income. en-us Wed, 08 Nov 2017 00:00:00 +0530 Mon, 15 Jan 2018 14:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350759 The Tribunal upheld the denial of exemptions under sections 11 and 12 for the assessee due to violations of section 13, including excessive payments to specified persons and overseas expenditure. The Tribunal also agreed with disallowances of scholarship and salary expenses, addition of refundable security deposits as income, and ad-hoc car maintenance expenses. The Tribunal dismissed the assessee's appeal and Revenue's appeal, affirming the CIT(A)'s decisions on various grounds. Relief was granted for the land purchase payment and interest-free loan to another trust as charitable applications of income. Case-Laws Income Tax Wed, 08 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350759