[Section 13(2)]- When an Income or Property of a Trust or Institution is deemed to have been used or applied for the benefit of a Person referred to in Section 13(3)

 

Table of Contents:

 

·         (1) [Section 13(2)(a)]- Interest free loan or loan without security  :

·         (2) [Section 13(2)(b)]- Use of properties without charging adequate rent  :

·         (3) [Section 13(2)(c)]- Excessive payment for services:

·         (4) [Section 13(2)(d)]- Services of trust without adequate remuneration:

·         (5) [Section 13(2)(e)]- Purchase of proper for trust for excessive consideration:

·         (6) [Section 13(2)(f)]- Sale of trust property for inadequate consideration:

·         (7) [Section 13(2)(g)]- Diversion of income or property exceeding Rs. 1,000.

·         (8) [Section 13(2)(h)]- Investment in substantial interest concerns:

 


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