https://www.taxtmi.com/caselaws?id=14948 The Tribunal upheld the assessee's entitlement to exemption under section 11 of the Income-tax Act, 1961, as its activities were deemed charitable and income was applied solely for promoting charitable purposes. Additionally, the Tribunal ruled in favor of the assessee regarding the alleged contravention under section 13(2)(a), determining that the amount given to a member was for negotiation purposes, not a loan, and thus did not lead to loss of exemption. The appeal was dismissed in favor of the assessee, with no order as to costs. en-us Tue, 21 Mar 2000 00:00:00 +0530 Mon, 27 Jul 2009 12:33:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14948 The Tribunal upheld the assessee's entitlement to exemption under section 11 of the Income-tax Act, 1961, as its activities were deemed charitable and income was applied solely for promoting charitable purposes. Additionally, the Tribunal ruled in favor of the assessee regarding the alleged contravention under section 13(2)(a), determining that the amount given to a member was for negotiation purposes, not a loan, and thus did not lead to loss of exemption. The appeal was dismissed in favor of the assessee, with no order as to costs. Case-Laws Income Tax Tue, 21 Mar 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14948