https://www.taxtmi.com/highlights?id=39334 Exemption u/s 11 - advancing a loan to another charitable trust - nothing has been brought on record to establish that the common trustees have substantial interest in the other trust - the amount advanced cannot be held to be in violation of Sec.13(1)(d) - Sec.11(5) cannot be applied to present facts as the money advanced is not an investment but a loan - Exemption cannot be denied - AT en-us Wed, 09 May 2018 08:36:21 +0530 Wed, 09 May 2018 08:36:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=39334 Exemption u/s 11 - advancing a loan to another charitable trust - nothing has been brought on record to establish that the common trustees have substantial interest in the other trust - the amount advanced cannot be held to be in violation of Sec.13(1)(d) - Sec.11(5) cannot be applied to present facts as the money advanced is not an investment but a loan - Exemption cannot be denied - AT Highlights Income Tax Wed, 09 May 2018 08:36:21 +0530 https://www.taxtmi.com/highlights?id=39334