Contribution made by one trust to another held as application of income though both trusts had a few common trustees

INCOME TAX : Where assessee educational trust made contribution to Jaipur National University (JNU) in furtherance of its objectives of promotion of education, merely because certain trustees of assessee were also trustees in JNU, it could not be said that contribution was in contravention to section 13 and contribution would qualify as due application of income in hands of assessee-society

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