Interest-Free Loans to Similar Charitable Institutions Do Not Violate Income Tax Act Sections 13(1)(d) and 11(5.

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....Admittedly the other charitable institutions to whom interest free loans were given by the assessee are registered under section 12A/12AA of the Act having similar objects. In such circumstances, there is no violation of the provisions of section 13(1)(d) read with section 11(5) - AT....