2016 (12) TMI 1920

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....ISTOPHER ABRAHAM, INCOME TAX DEP SRI.K.M.V.PANDALAI, INCOME TAX DEPARTMENT FOR THE RESPONDENT : NONE JUDGMENT Antony Dominic, J. 1. This appeal is filed by the Revenue impugning the order passed by the Income Tax Appellate Tribunal, Cochin Bench in I.T.A.No.329/14 pertaining to the assessment year 2011-2012. The assessee is a charitable trust advancing loans to poor women folk. The Ass....

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....acts and circumstances of the case, should not have the ITAT held that the microfinance business carried on by the respondent is one coming within the ambit of 'any other object of general public utility', the 4^th limb in the definition of charitable purpose in Section 2(15)? (iii) has not the ITAT erred in its finding that micro finance activity is not money lending as commercia....

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....ritable purpose, if it involves the carrying on of any activity in the nature of trade, commerce or business, or any activity of rendering any service in relation to any trade, commerce or business, for a cess or fee or any other consideration, irrespective of the nature of use or application, or retention, of the income from such activity: Provided further that the first proviso shall no....