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Grants used as per terms & condition for particular event held abroad doesn’t require CBDT approval
Case Law Details
- Case Name
- ITO Vs Sports Goods Export Promotion Council (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- ITAT Delhi
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ITO Vs Sports Goods Export Promotion Council (ITAT Delhi)
ITAT Delhi concluded that grants were given specifically for participation in a particular event held in abroad, grant was utilized as per terms and conditions and it was not free for the assessee to use the funds voluntarily. Accordingly, approval of CBDT u/s 11(1)(c) of the Act not required.
Facts- The present appeal is preferred by the revenue mainly on the ground that CIT(A) erred in holding that spending by the trust outside India, without approval of CBDT u/s 11(1)(c) of the Act is permissible, despite the fact an...
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