https://www.taxtmi.com/caselaws?id=773953 ITAT Cochin-AT allowed the assessee-trust's appeal against CIT's revision order u/s 263. The trust engaged in micro-financing activities for poor rural women, which ITAT held qualified as charitable activity under the first limb of Section 11. The Tribunal applied the principle of consistency, noting that identical activities for AY 2011-2012 were previously held charitable by the same Bench and confirmed by Kerala HC. Despite res judicata not applying to income tax proceedings, consistency principle governed where same facts existed across different assessment years. The trust remained eligible for Section 11 exemption. en-us Wed, 14 May 2025 00:00:00 +0530 Tue, 01 Jul 2025 08:47:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773953 ITAT Cochin-AT allowed the assessee-trust's appeal against CIT's revision order u/s 263. The trust engaged in micro-financing activities for poor rural women, which ITAT held qualified as charitable activity under the first limb of Section 11. The Tribunal applied the principle of consistency, noting that identical activities for AY 2011-2012 were previously held charitable by the same Bench and confirmed by Kerala HC. Despite res judicata not applying to income tax proceedings, consistency principle governed where same facts existed across different assessment years. The trust remained eligible for Section 11 exemption. Case-Laws Income Tax Wed, 14 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773953