2015 (9) TMI 1713 - HC - Income Tax

Deduction u/s 11 violation of section 13(1)(d) - interest free loan to another society - HELD THAT - Considering the fact that the issue raised in these appeals is already considered by the Delhi High Court in the case of Director of Income-Tax (Exemption) v. Acme Educational Society 2010 (7) TMI 159 - DELHI HIGH COURT and another decision of Division Bench of our High Court in the case of Commissioner of Income-tax Bhopal v. Maa Vaishnav Education Society 2013 (7) TMI 225 - MADHYA PRADESH HIGH COURT both the appeals are disposed of on the same terms.

Summary

The High Court of Madhya Pradesh allowed the application for condonation of a three-day delay in filing ITA No.236/2012. The appeals were taken up for admission immediately. The court disposed of the appeals based on precedents from the Delhi High Court and the Madhya Pradesh High Court.