https://www.taxtmi.com/caselaws?id=350969 The Tribunal granted condonation of delay in filing the appeal, admitting it for hearing. The loan given to a trustee's wife was found to be in compliance with relevant provisions, securing exemption u/s 80G(5)(vi) as it was adequately secured and had a market-compliant interest rate. Precedents supporting such transactions were cited, leading to the allowance of the appeal and directing the Director to grant the exemption if conditions were met. en-us Mon, 25 Sep 2017 00:00:00 +0530 Thu, 16 Nov 2017 09:38:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350969 The Tribunal granted condonation of delay in filing the appeal, admitting it for hearing. The loan given to a trustee's wife was found to be in compliance with relevant provisions, securing exemption u/s 80G(5)(vi) as it was adequately secured and had a market-compliant interest rate. Precedents supporting such transactions were cited, leading to the allowance of the appeal and directing the Director to grant the exemption if conditions were met. Case-Laws Income Tax Mon, 25 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350969