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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Admittedly the other charitable institutions to whom interest ...


Interest-Free Loans to Similar Charitable Institutions Do Not Violate Income Tax Act Sections 13(1)(d) and 11(5.

March 28, 2015

Case Laws     Income Tax     AT

Admittedly the other charitable institutions to whom interest free loans were given by the assessee are registered under section 12A/12AA of the Act having similar objects. In such circumstances, there is no violation of the provisions of section 13(1)(d) read with section 11(5) - AT

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