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
x) In February, 2014, The Reserve Bank of India (RBI) removed the 26% interest rate cap on the loans given by the microfinance companies regulated by it and linked the interest rate to the cost of funds, providing a greater leeway to the lenders from April 1. As a result, such lenders will be able to charge more than
