Court Rules Disallowance of Utilization Fees Unjustified u/s 11 of Income Tax Act Without Evidence of Excess or Benefit.

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....Exemption u/s 11 - Disallowance of utilization fees - payment against equipment and assets owned by trustees, but used by trust - in absence of finding that utilization fees paid is excessive or is for the direct or indirect benefit of any person, same can not be disallowed.....