DIRECTOR OF INCOME TAX (EXEMPTION) vs. CHARANJIV CHARITABLE TRUST
In the result both aspects of the first substantial question of law
ITA/321/2013HC Delhi18 Mar 2014
Bench: It, Two By The Assessee Relating To The Assessment Years 2006-07 & 2007-08 & One By The Revenue Relating To The Assessment Year 2006-07. In Other Words, In Respect Of The Assessment Year 2006-07, There Were Cross- 2014:Dhc:1467-Db
Section 11Section 12ASection 13(1)(c)Section 13(3)Section 143(1)Section 260A
8.
There was an appeal to the CIT (Appeals) in which the assessee
challenged the findings recorded by the assessing officer. As regards the
violation of the provisions of Section 13(1)(c)(ii) on the ground that the
assessee advanced sums to APIL without charging any interest, the CIT
(Appeals) examined the relevant agreements under which the amount
