Financial help provided to resulting entity after demerger couldn’t be held as violation of sec. 10(23C)

INCOME TAX : Where after their demerger, educational society, still provided financial help to another society running a hospital due to its weak financial position which was later paid back, such funding was not in violation of section 10(23C)

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000196104/financial-help-provided-to-resulting-entity-after-demerger-couldn’t-be-held-as-violation-of-sec-1023c.aspx