INCOME TAX ACT, 1961

Section 11

Charitable Trust - Exemption under section 11 - Charitable activities under section 2(15) -

Issue arose under consideration as to whether Tribunal was justified in allowing the benefit of exemptions under sections 11 and 12 without considering the fact that assessee was involved in widespread commercial activities in nature of business and holding that the activity of assessee was covered under first and second proviso to section 2(5). Held: It was an admitted position that controversy involved in the present case stands concluded by a judgment in case of CIT(E) v. Gujarat Cricket Association ([Rendered in Tax Appeals No. 268 of 2012] : 2019 TaxPub(DT) 7213 (Guj-HC)) wherein the issue was decided in favour of assessee.

REFERRED : DIT(E) v. Gujarat Cricket Association [Rendered in Tax Appeals No. 268 of 2012] : 2019 TaxPub(DT) 7213 (Guj-HC) Baroda Cricket Association v. Dy. CIT(E) [ITA No. 2675/Ahd/2017, dt. 11-6-2019]

FAVOUR : In assessee's favour

A.Y. :

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