4 results for “capital gains”+ Section 153clear
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Bench: Shri N.S Sainiassessment Year :2009-2010 Acit (Exemptions), Aayakar Vs. M/S. Peoples Forum, Plot Bhavan, Bhubaneswar. No.Hig 44, Dharma Vihar, Khandagiri, Bhubaneswar Pan/Gir No. Aaatp 2214 R (Appellant) .. ( Respondent)
153" held that, assessee borrowing money and providing loans to the socio economically weaker sections (micro financing activity) can be said to be carrying on charitable activity and is eligible for exemption u/s 11. e. Further it is submitted that, the appellant is carrying on the micro financing activities since so many years and the revenue is accepting the returned