Deductibility for charitable donations affirmed where payments to approved relief funds, even if CSR-driven, qualify under the donation deduction sche...
Mis-declaration in import descriptions must be deliberate to justify confiscation; withheld contemporaneous import documents invalidate value redeterm...
Liability for EPCG export shortfall: duty and interest sustained, but confiscation and penalties quashed where no fraud and causes beyond importer con...
Royalty and sponsorship receipts received by a sports federation were held to be incidental to its charitable objects and not indicative of any business activity or profit motive. As the facts for the year matched the assessee's earlier case, the Tribunal followed that precedent and held that the proviso to section 2(15) did not apply. Exemption under sections 11 and 12 was therefore sustained, the Revenue's challenge failed, and the assessee's cross-objection was dismissed as infructuous.
Royalty and sponsorship receipts received by a sports federation were held to be incidental to its charitable objects and not indicative of any business activity or profit motive. As the facts for the year matched the assessee's earlier case, the Tribunal followed that precedent and held that the proviso to section 2(15) did not apply. Exemption under sections 11 and 12 was therefore sustained, the Revenue's challenge failed, and the assessee's cross-objection was dismissed as infructuous.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4817 
Join Channel 
