https://www.taxtmi.com/caselaws?id=404184 The Tribunal allowed the appeal, directing the Assessing Officer to grant exemption under Section 11 of the Income-tax Act for the assessment year 2009-10. The Tribunal found that the Trust's activities, including charging interest rates on microfinance activities and generating surplus, did not disqualify it from claiming the exemption. The Tribunal concluded that the Trust's actions were in line with charitable objectives, dismissing the Assessing Officer's reasons for denial. en-us Tue, 16 Feb 2021 00:00:00 +0530 Thu, 18 Feb 2021 04:25:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404184 The Tribunal allowed the appeal, directing the Assessing Officer to grant exemption under Section 11 of the Income-tax Act for the assessment year 2009-10. The Tribunal found that the Trust's activities, including charging interest rates on microfinance activities and generating surplus, did not disqualify it from claiming the exemption. The Tribunal concluded that the Trust's actions were in line with charitable objectives, dismissing the Assessing Officer's reasons for denial. Case-Laws Income Tax Tue, 16 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404184