{"id":52446,"date":"2025-03-31T12:24:40","date_gmt":"2025-03-31T06:54:40","guid":{"rendered":"https:\/\/itatonline.org\/digest\/sanghamitra-rural-financial-services-v-acit-e-2024116-itr-539-bangtrib\/"},"modified":"2025-03-31T12:24:40","modified_gmt":"2025-03-31T06:54:40","slug":"sanghamitra-rural-financial-services-v-acit-e-2024116-itr-539-bangtrib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/sanghamitra-rural-financial-services-v-acit-e-2024116-itr-539-bangtrib\/","title":{"rendered":"Sanghamitra Rural Financial Services v. ACIT (E) (2024)116 ITR 539 (Bang)(Trib)"},"content":{"rendered":"<p>Held that\u00a0 as per the report of the\u00a0 Reserve Bank of India\u00a0 the interest charged by the assessee was very high. The activity\u00a0 being commercial in nature the proviso to section\u00a02(15)\u00a0is\u00a0 not available to the assessee (AY.2016-17, 2018-19)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 11 : Property held for charitable purposes-Objective of providing low-interest loans to downtrodden individuals-Interest charged over and above bank interest-Huge profit-Micro-Finance Activity-Business activity-Not entitle to exemption.[S. 2(15) 11(4A) 12<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-52446","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dDU","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52446","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=52446"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52446\/revisions"}],"predecessor-version":[{"id":52447,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52446\/revisions\/52447"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52446"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52446"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52446"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}