https://www.taxtmi.com/caselaws?id=255409 The tribunal ruled in favor of the assessee, holding that the retrospective cancellation of registration under Section 12A by the Director of Income Tax (Exemptions) was invalid. It was determined that the activities, including organizing cricket matches and related services, were not profit-driven but aligned with the charitable purpose of promoting cricket. The tribunal found that various income sources, such as sponsorship, sale of liquor, and advertising, were aimed at cost recovery and supporting charitable activities, not for commercial gain. Consequently, the tribunal allowed the appeal, emphasizing that the assessee's actions were genuine and charitable in nature. en-us Tue, 13 Jan 2015 00:00:00 +0530 Sat, 16 May 2015 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255409 The tribunal ruled in favor of the assessee, holding that the retrospective cancellation of registration under Section 12A by the Director of Income Tax (Exemptions) was invalid. It was determined that the activities, including organizing cricket matches and related services, were not profit-driven but aligned with the charitable purpose of promoting cricket. The tribunal found that various income sources, such as sponsorship, sale of liquor, and advertising, were aimed at cost recovery and supporting charitable activities, not for commercial gain. Consequently, the tribunal allowed the appeal, emphasizing that the assessee's actions were genuine and charitable in nature. Case-Laws Income Tax Tue, 13 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255409