https://www.taxtmi.com/caselaws?id=349572 The Tribunal upheld the decisions of the AO and CIT-A, dismissing the appeal on all grounds. The microfinance activities were considered commercial and not eligible for exemption under section 2(15) of the Income Tax Act. The provision for doubtful debts had already been considered in the previous year's assessment. As no arguments were presented regarding the additions of foreign and local grants, the appeal on those grounds was also dismissed. en-us Fri, 13 Oct 2017 00:00:00 +0530 Tue, 17 Oct 2017 08:52:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349572 The Tribunal upheld the decisions of the AO and CIT-A, dismissing the appeal on all grounds. The microfinance activities were considered commercial and not eligible for exemption under section 2(15) of the Income Tax Act. The provision for doubtful debts had already been considered in the previous year's assessment. As no arguments were presented regarding the additions of foreign and local grants, the appeal on those grounds was also dismissed. Case-Laws Income Tax Fri, 13 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349572