https://www.taxtmi.com/caselaws?id=304880 The Tribunal dismissed the Revenue's appeal, affirming the CIT(Appeals) decision to grant the assessee exemption under Sections 11 and 12 of the Income-tax Act, 1961. The Tribunal concluded that the interest-free loan provided to the registered charitable Trust was in line with educational objectives and did not breach investment modes specified under the Act. The transaction was deemed permissible, not falling under the purview of a "concern" subject to Section 13(1)(c) of the Act. en-us Thu, 29 Aug 2013 00:00:00 +0530 Thu, 03 Nov 2022 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304880 The Tribunal dismissed the Revenue's appeal, affirming the CIT(Appeals) decision to grant the assessee exemption under Sections 11 and 12 of the Income-tax Act, 1961. The Tribunal concluded that the interest-free loan provided to the registered charitable Trust was in line with educational objectives and did not breach investment modes specified under the Act. The transaction was deemed permissible, not falling under the purview of a "concern" subject to Section 13(1)(c) of the Act. Case-Laws Income Tax Thu, 29 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304880