Deleted Disallowances and Granted Sections 11 and 12 Exemption to Charitable Trust – ITAT

['Author Info', 'Name', 'Qualification', 'Company', 'Location', 'Articles Published', 'View Full Profile', 'More Ca Vijayakumar Shetty', 'August'] taxguruin 2026-08-07 14:09:16

AdvertisementSociety For Human Transformation And Research Vs ITO (ITAT Delhi) Delhi ITAT: Interest-Free Loans to Registered Charitable Institutions Do Not Per Se Violate Sec 13; Sec 40A(2)(a) Cannot Tax Notional Interest – Sections 11 & 12 Exemption Restored The Delhi ITAT allowed the charitable society’s appeal and directed restoration of exemption under Sections 11 and 12, deleting the disallowances arising from advances to related charitable entities and donations made to other registered trusts. The AO noticed that the assessee had advanced substantial amounts to persons/entities s...