https://www.taxtmi.com/caselaws?id=244843 The revenue's appeals challenging the Income Tax Appellate Tribunal's order for the assessment years 2003-04, 2004-05, and 2005-06 were dismissed. The assessing officer failed to disprove the genuineness of expenses claimed by the assessee for sports activities. The Tribunal and CIT (Appeals) allowed the deduction of these expenses, emphasizing their relevance to promoting sports. The High Court upheld this decision, stating that even if income was assessed under a residual head, expenses for earning income could be deducted. The Court affirmed the assessee's eligibility for exemption under Section 11 and found no error in the Tribunal's decision, dismissing the revenue's appeals. en-us Mon, 03 Mar 2014 00:00:00 +0530 Sat, 07 Jun 2014 10:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244843 The revenue's appeals challenging the Income Tax Appellate Tribunal's order for the assessment years 2003-04, 2004-05, and 2005-06 were dismissed. The assessing officer failed to disprove the genuineness of expenses claimed by the assessee for sports activities. The Tribunal and CIT (Appeals) allowed the deduction of these expenses, emphasizing their relevance to promoting sports. The High Court upheld this decision, stating that even if income was assessed under a residual head, expenses for earning income could be deducted. The Court affirmed the assessee's eligibility for exemption under Section 11 and found no error in the Tribunal's decision, dismissing the revenue's appeals. Case-Laws Income Tax Mon, 03 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244843