https://www.taxtmi.com/caselaws?id=309445 The Tribunal allowed the appeal filed by the assessee, directing the Commissioner to grant registration to the trust and cancel the impugned order of revocation. The Tribunal held that the trust's activities, including microfinance business, qualified as charitable for exemption under Section 11 of the Income-tax Act, 1961. It found that the trust's surplus generated from interest income was utilized for charitable purposes, and the Commissioner had wrongly linked interest earnings to non-charitable activities. The Tribunal emphasized that the trust's activities aligned with its charitable objectives, leading to the reinstatement of its registration. en-us Fri, 27 May 2011 00:00:00 +0530 Mon, 04 Sep 2023 15:43:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309445 The Tribunal allowed the appeal filed by the assessee, directing the Commissioner to grant registration to the trust and cancel the impugned order of revocation. The Tribunal held that the trust's activities, including microfinance business, qualified as charitable for exemption under Section 11 of the Income-tax Act, 1961. It found that the trust's surplus generated from interest income was utilized for charitable purposes, and the Commissioner had wrongly linked interest earnings to non-charitable activities. The Tribunal emphasized that the trust's activities aligned with its charitable objectives, leading to the reinstatement of its registration. Case-Laws Income Tax Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309445