ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11:
ITAT held that repayment of loans used for charitable capital expenditure qualifies as application of income under Section 11 and deleted the Rs 3.60 crore addition.
ITAT Deletes Rs 3.60 Crore Addition
Vanshika verma
Aug 3, 2026
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ITAT Allows Rs 3.60 Crore Loan Repayment as Application of Income Under Section 11
ITAT held that repayment of loans used for charitable capital expenditure qualifies as application of income under Section 11 and deleted the Rs 3.60 crore addition.
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Vanshika verma
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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.
Studycafe
Delhi, Delhi, India
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