https://www.taxtmi.com/caselaws?id=778413 ITAT (Del.) allowed the appeal, holding that the assessee, a Section 25 company registered under section 12A, legitimately carried out micro-finance alongside education, relief to poor, medical relief and environment activities as charitable. The Tribunal found prior assessments treated micro-finance as charitable activity and noted that specified grants were not voluntary contributions per HC authority, so the denial of exemption under section 11 by the AO and CIT(A) caused miscarriage of justice; exemption was restored. en-us Fri, 12 Sep 2025 00:00:00 +0530 Tue, 16 Sep 2025 09:02:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778413 ITAT (Del.) allowed the appeal, holding that the assessee, a Section 25 company registered under section 12A, legitimately carried out micro-finance alongside education, relief to poor, medical relief and environment activities as charitable. The Tribunal found prior assessments treated micro-finance as charitable activity and noted that specified grants were not voluntary contributions per HC authority, so the denial of exemption under section 11 by the AO and CIT(A) caused miscarriage of justice; exemption was restored. Case-Laws Income Tax Fri, 12 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778413