If Trust conducts marathon in commercial manner, then it cannot be said to be existing only for charitable purposes

IN THE ITAT HYDERABAD BENCH ‘A’ Hyderabad Runners Society Versus Director of Income-tax (Exemptions) Hyderabad IT APPEAL NO. 974 (HYD.) OF 2012 [ASSESSMENT YEAR 2012-13] OCTOBER 12, 2012 ORDER Chandra Poojari, Accountant Member This appeal by the assessee is directed against the order of the Director of Income-tax (Exemptions) [DIT(E) for short], Hyderabad dated 30.4.2012. 2. The assessee’s raised the following grounds of appeal: (a)  The DIT(E) erred in law and facts of the case in not granting the approval under section 12A of the Income-tax Act, 1961. (b)...