This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Cricket activity by club is not a trade or business
Case Law Details
- Case Name
- Cricket Club of India Pvt. Ltd. Vs CIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Cricket Club of India Pvt. Ltd. Vs CIT (ITAT Mumbai)
Held that activity of cricket by the club cannot be said to be in the nature of trade or business.
Facts-
The assessee club is incorporated under the Companies Act of 1913 and came into existence on 9.11.1933 as a company limited by guarantee, each member guaranteeing contribution of Re. 1 each towards debts and liabilities including expenses costs and charges in the event of the company being wound up. The assessee is claimed to be a ‘mutual concern’ income of which is not chargeable to tax on principles of mutuality. This claim has bee...
Author Info
