https://www.taxtmi.com/caselaws?id=358945 The Tribunal allowed the exemption claimed by the appellant trust under Section 11 of the Income-tax Act, 1961. The Tribunal found that the payments made to construction creditors and the financial transactions for computers were not in violation of Section 13. The repayment of the loan for computers was considered an application of income under Section 11, and the availability of computers in the trust's premises was acknowledged. As a result, the appeal filed by the appellant was allowed, and the lower authorities' orders were set aside. en-us Thu, 22 Mar 2018 00:00:00 +0530 Sat, 21 Apr 2018 06:02:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358945 The Tribunal allowed the exemption claimed by the appellant trust under Section 11 of the Income-tax Act, 1961. The Tribunal found that the payments made to construction creditors and the financial transactions for computers were not in violation of Section 13. The repayment of the loan for computers was considered an application of income under Section 11, and the availability of computers in the trust's premises was acknowledged. As a result, the appeal filed by the appellant was allowed, and the lower authorities' orders were set aside. Case-Laws Income Tax Thu, 22 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358945