https://www.taxtmi.com/caselaws?id=266888 The Tribunal upheld the CIT(A)'s decision, allowing the exemption under sections 11 and 12 of the Income Tax Act, 1961, and the depreciation claim for a football federation. It determined that the federation's activities were charitable in nature, emphasizing that income from sponsorship and telecasting rights was incidental to its main charitable objective. The Tribunal referenced case laws and judicial pronouncements to support its conclusion that the federation's primary purpose was charitable, dismissing the Revenue's appeal. The order was pronounced on 23.09.2015. en-us Wed, 23 Sep 2015 00:00:00 +0530 Sat, 19 Dec 2015 09:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266888 The Tribunal upheld the CIT(A)'s decision, allowing the exemption under sections 11 and 12 of the Income Tax Act, 1961, and the depreciation claim for a football federation. It determined that the federation's activities were charitable in nature, emphasizing that income from sponsorship and telecasting rights was incidental to its main charitable objective. The Tribunal referenced case laws and judicial pronouncements to support its conclusion that the federation's primary purpose was charitable, dismissing the Revenue's appeal. The order was pronounced on 23.09.2015. Case-Laws Income Tax Wed, 23 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266888