Application of trust’s income to repay monies taken from trustees won’t violate sec. 13; sec. 11 rel

IT-I: Where assessee, a trust registered under section 12A, received money from trustees for carrying on of its activities and those monies had been repaid to them or to their nominees as and when funds were available with assessee-trust, there was no violation of section 13(1)(c) and, therefore, assessee's claim for exemption under section 11 was to be allowed