No sec. 13(1)(c) violation if manager was only providing consultancy services with regard to specific project: ITAT

INCOME TAX : Interest free loan given by assessee educational trust to two consultants hired by it as per their terms of employment could not be equated with loan given without any interest/security to persons referred to under section 13(3)(cc) read with section 13(1)(c) so as to deny assessee benefit of exemption under section 11

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