Sec. 80G relief denied as trust made advances without obtaining consent of Charity Commissioner

IT : Where assessee-trust gave loan to other trusts out of its corpus fund without obtaining prior permission of Charity Commissioner which was never received back, it was a clear case of diversion of corpus fund in violation of specific direction of donors and applicable laws of land, and, thus, assessee's application for renewal of exemption under section 80G(5) was rightly rejected