Exemption u/s 11 - microfinance activity - By collecting ...

Microfinance Entity Denied Tax Exemption u/s 11 for Charging High Interest, Deviating from Charitable Goals.

June 27, 2018

Case Laws Income Tax AT

Exemption u/s 11 - microfinance activity - By collecting interest at such a higher rate the assessee has deviated from its objective of doing charity - the action of the lower authorities in denying exemption u/s. 11 confirmed.

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Exemption u/s 11 - microfinance activity - By collecting ...

Microfinance Entity Denied Tax Exemption u/s 11 for Charging High Interest, Deviating from Charitable Goals.

June 27, 2018

Case Laws Income Tax AT

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