This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Section 11 & 12 Exemption allowable to Surat District Cricket Association
Case Law Details
- Case Name
- ACIT Vs The Surat District Cricket Association (ITAT Surat)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-10
- Courts
- All ITAT, ITAT Surat
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
ACIT Vs Surat District Cricket Association (ITAT Surat)
Conclusion: When the assessee’s main dominant and prime objective was to promote the sports was not desire to earn profits but, object of promoting sports for Nation, it was clearly a charitable purpose. Assessee was entitled for exemption under section 11.
Held: AO found that assessee had received income of Rs. 1.57 Crore, which had been shown under the head “ income from other sources” in income and expenditure account. Assessee claimed exemption under section 11 of Rs.3.90 Crore/-. AO on perusal of income and expenditure account ...
Author Info
