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Only interest income & not entire investment was to taxed if trust had given loans from its surplus funds

August 9, 2018[2018] 96 87 (Jaipur - Trib.)

IT: Where assessee, a charitable trust, had given loans and advances to earn interest income on its surplus fund, only interest income from such investment which was made in violation of section 11(5) would be taxed in terms of provisions of section 164(2) and not investment itself

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