https://www.taxtmi.com/caselaws?id=262844 The Tribunal ruled in favor of the assessee-society, determining it as a charitable institution eligible for exemption under Section 11 of the Income-tax Act. The cancellation of registration under Section 12AA was set aside by the High Court, restoring the assessee's registration and exemption eligibility. The Tribunal clarified that the society's activities promoting cricket were charitable in nature, not commercial, making it eligible for exemption. The claim for depreciation under Section 32 was disallowed, but the assessee was granted exemption under Section 11 for the relevant assessment years. en-us Fri, 14 Aug 2015 00:00:00 +0530 Mon, 09 Nov 2015 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262844 The Tribunal ruled in favor of the assessee-society, determining it as a charitable institution eligible for exemption under Section 11 of the Income-tax Act. The cancellation of registration under Section 12AA was set aside by the High Court, restoring the assessee's registration and exemption eligibility. The Tribunal clarified that the society's activities promoting cricket were charitable in nature, not commercial, making it eligible for exemption. The claim for depreciation under Section 32 was disallowed, but the assessee was granted exemption under Section 11 for the relevant assessment years. Case-Laws Income Tax Fri, 14 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262844