ACIT (EXEMPTIONS), BHUBANESWAR vs. M/S. PEOPLES FORUM, BHUBANESWAR
In the result, the appeal filed by the revenue and cross objections filed
ITA 325/CTK/2015[2009-10]Status: DisposedITAT Cuttack18 Jan 2017AY 2009-10
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)
For Appellant: Shri S.K.Agarwal, ARFor Respondent: Shri D.K.Pradhan, DR
Section 11Section 12ASection 2(15)Section 288A
4. Being aggrieved, the assessee filed appeal before the ld CIT(A).
5. The arguments of the assessee before the ld CIT(A) was as under:
“The argument of the appellant is that micro financing activities are falling under the 1st limb of the definition of charitable purpose within the meaning of section 2(15) of the Act. That
