https://www.taxtmi.com/highlights?id=101222 Incidental micro-credit and financial facilitation by a charitable trust did not, by itself, negate charitable status for approval where the trust deed authorised self-help groups, micro-credit programmes and developmental initiatives. The Tribunal found no evidence of commerciality, profit-oriented conduct, surplus distribution or systematic business operations, and noted that the accounts showed no abnormal surplus while the reports reflected relief to the poor. It also relied on existing charitable registration as recognition of the trust's character. On that basis, the proviso to section 2(15) was held inapplicable and the rejection of approval was set aside. en-us Tue, 30 Jun 2026 07:22:18 +0530 Tue, 30 Jun 2026 07:22:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=101222 Incidental micro-credit and financial facilitation by a charitable trust did not, by itself, negate charitable status for approval where the trust deed authorised self-help groups, micro-credit programmes and developmental initiatives. The Tribunal found no evidence of commerciality, profit-oriented conduct, surplus distribution or systematic business operations, and noted that the accounts showed no abnormal surplus while the reports reflected relief to the poor. It also relied on existing charitable registration as recognition of the trust's character. On that basis, the proviso to section 2(15) was held inapplicable and the rejection of approval was set aside. Highlights Income Tax Tue, 30 Jun 2026 07:22:18 +0530 https://www.taxtmi.com/highlights?id=101222