THE COMMISSIONER OF INCOME TAX, HYD vs. CARGO HANDLING PRIVATE WORKERS POOL, VISAKHAPATNAM

Accordingly, the I.T.T.A. is dismissed

Bench: C.PRAVEEN KUMAR,TARLADA RAJASEKHAR RAO

7) the advancement of loans is in violation of Section 13(1)(c) of the Act, as income of the Trust has been used for the benefit of Trustees of the Assessee Trust. Lastly, the Assessing Officer observed that the Assessee accumulated profits without spending or applying 75% of its income on charitable activities. 10. The Appeal filed