Trustee's Indirect Benefit Violates Section 13, Denies Tax Exemption u/s 11 of Income Tax Act.

There was an indirect benefit to Shri P. Subramani, Managing Trustee of the assessee - Trust and this fell clearly within the scope of Section 13(1)(c) r.w.s. 13(2)(a) Such violation did warrant denial of exemption claimed under Section 11 - AT .....

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