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2014 (5) TMI 200 - BOMBAY HIGH COURTViolation of section 13(2)(a) of the Act – Lending of money – Held that:- The conclusion arrived at concurrently that there was no material on record, or that the transaction is nothing but a loan, has been rightly interfered with - it was impossible to reach a conclusion that the amount of Rs.5,46,00,000/was a loan given by the Trust to this Private Limited Company - it was an advance so as to enable the Trust to acquire an asset - in the event the construction is not ready and complete and the building is not ready, the amount would be returned back to the Trust – no substantial question of law arises for consideration – Decided against Revenue.
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