the charitable trust had taken OD facility for working capital.
The OD was taken from a cooperative bank.As a result of which the charitable trust, had to hold shares of the banking company..
is this allowed as per the provisions of income tax?
YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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Aggarwal Sarawagi and Co
New Delhi
CA
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Karia Overseas
Ahmedabad
CA
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CAclubindia
