22 April 2024


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ITAT, Cochin Denies Tax Exemption to Trust on Micro Finance Activity - 12.03.2020

Income Tax Appellate Tribunal (ITAT), Cochin has held that micro finance activity cannot be treated as charitable in nature for the purpose of allowing tax exemptions to a Trust under the Income Tax Act, 1961.

Tags : Income Tax Appellate Tribunal Micro Finance Activity

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