https://www.taxtmi.com/caselaws?id=362483 The appeal challenging the exemption for microfinance income under Section 11 was dismissed as the activities were deemed commercial rather than charitable. Provisions for bad debts, donations, and gifts were disallowed. Remuneration to trustees was disallowed due to lack of authorization. Expenses supported by self-made vouchers were partially allowed. Disallowance under Section 40A(3) for cash payments for land purchase was overturned. Stay petitions were dismissed as infructuous. en-us Wed, 25 Apr 2018 00:00:00 +0530 Wed, 27 Jun 2018 08:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362483 The appeal challenging the exemption for microfinance income under Section 11 was dismissed as the activities were deemed commercial rather than charitable. Provisions for bad debts, donations, and gifts were disallowed. Remuneration to trustees was disallowed due to lack of authorization. Expenses supported by self-made vouchers were partially allowed. Disallowance under Section 40A(3) for cash payments for land purchase was overturned. Stay petitions were dismissed as infructuous. Case-Laws Income Tax Wed, 25 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362483