https://www.taxtmi.com/highlights?id=68176 Exemption u/s. 11 - The civil contract awarded to a firm in which the managing trustee of the trust is proprietor is tantamount to services as defined u/s. 13(2)(c) - Since, payment made in pursuant to services rendered by the interested persons is not in excess of consideration paid for relevant work, it cannot be held that there is a direct or indirect benefit to the interested persons as referred to u/s. 13(2) of the Act and violation of provisions of section 13(1)(c) of the Act. - AT en-us Wed, 08 Feb 2023 11:19:27 +0530 Wed, 08 Feb 2023 11:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=68176 Exemption u/s. 11 - The civil contract awarded to a firm in which the managing trustee of the trust is proprietor is tantamount to services as defined u/s. 13(2)(c) - Since, payment made in pursuant to services rendered by the interested persons is not in excess of consideration paid for relevant work, it cannot be held that there is a direct or indirect benefit to the interested persons as referred to u/s. 13(2) of the Act and violation of provisions of section 13(1)(c) of the Act. - AT Highlights Income Tax Wed, 08 Feb 2023 11:19:27 +0530 https://www.taxtmi.com/highlights?id=68176