IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCHES : G : NEW DELHI BEFORE MS. MADHUMITA ROY, JUDICIAL MEMBER AND SHRI NAVEEN CHANDRA, ACCOUNTANT MEMBER ITAs No.5879 & 5878/Del/2025 Assessment Year : NA M/s Micro Finance Industry Vs. CIT(E), Network, Chandigarh.

4003-4004, 4^th Floor, EMAAR Palm Spring Plaza, Sector-54, Golf Course Road, Gurugram, Haryana.

PAN: AACTM4934H (Appellant) (Respondent)

Assessee by : Shri S. Krishnan, Advocate Revenue by : Shri Mahesh Kumar, CIT-DR Date of Hearing : 29.01.2026 Date of Pronouncement : 11.03.2026

ORDER

PER MADHUMITA ROY, JM The instant appeals filed by the Assessee are directed against both the orders dated 18.08.2025 passed by the Ld. Commissioner of Income-tax (Exemptions), Chandigarh [hereinafter referred to as the Ld. CIT(E)] whereby and whereunder the application filed by the assessee in Form No.10AB under Section 12A(1)(ac)(ii) of the Income-tax Act, 1961 (hereinafter referred to as ‘the Act’) has been rejected. The Registration granted u/s 12AB of the Act also stood cancelled and the grant of approval under Section 80G of the Act was also rejected.

2. The assessee is having its registered office at Hyderabad and the head office and the oper