Court Rules Trust's Advances to Sister Concern Don't Breach Section 11 of Income Tax Act. Funds Remain at Trust's Disposal.

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....Exemption u/s 11 - Addition on advances to sister concern instead of using the fund on the object of the Trust - The advance made to VISEA Trust therefore can be said to be out of surplus accumulated and remained at the disposal of the assessee and does not offend provisions of section 11(2) in any manner - AT....