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2021 (3) TMI 368 - HC - Income TaxExemption u/s 11 - assessee advanced interest-free loans to the sister concerns - whether grant of loan by assessee trust to its group trust cannot be treated as deposit or investment made in violation of Section 13(1)(d) r/w 11(5)? - HELD THAT:- ollowing the ratio laid down in the Judgments reported ACME EDUCATIONAL SOCIETY [2010 (7) TMI 159 - DELHI HIGH COURT] and WORKING WOMEN'S FORUM [2014 (8) TMI 681 - MADRAS HIGH COURT] the question of law is decided against the Revenue and in favour of the assessee.
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