https://www.taxtmi.com/caselaws?id=23606 The Tribunal upheld the charitable institution's entitlement to income tax exemption under section 11(1) of the Income-tax Act, ruling in favor of the institution regarding the lending of funds to a firm with the founder's substantial interest. The Tribunal found the funds were lent for adequate interest, meeting the requirements of section 13(2)(a) and not violating section 13(2)(h). The decision favored the institution, confirming its eligibility for exemption and distinguishing between lending and investment under the Act. en-us Wed, 12 Nov 1986 00:00:00 +0530 Tue, 22 Dec 2009 16:05:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23606 The Tribunal upheld the charitable institution's entitlement to income tax exemption under section 11(1) of the Income-tax Act, ruling in favor of the institution regarding the lending of funds to a firm with the founder's substantial interest. The Tribunal found the funds were lent for adequate interest, meeting the requirements of section 13(2)(a) and not violating section 13(2)(h). The decision favored the institution, confirming its eligibility for exemption and distinguishing between lending and investment under the Act. Case-Laws Income Tax Wed, 12 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23606