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2022 (12) TMI 444 - ITAT DELHIExemption u/s 11 - assessee trust as formed with the object of the establishment and maintenance of hospital in India for the benefit of public in general - trust has been registered u/s. 12A of the Act and has been granted certificate u/s. 80G - assessee trust procured an unsecured loan from one Oscar Pharmaceuticals (P) Ltd. and out of such unsecured loan gave donation amount to another associated entity - HELD THAT:- Since the coordinate Bench has accepted taking loan and donating the same to the sister concern being the donation from one charitable trust to another charitable trust as not prohibited under law. We do not find any merit in the action of the AO and the finding of the CIT(A) cannot be faulted with, therefore, considering the peculiar facts of the case in light of the decision of [2021 (6) TMI 621 - ITAT DELHI] we decline to interfere. The appeal of the revenue is dismissed.
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