https://www.taxtmi.com/caselaws?id=176447 Receipts from exhibition cricket matches and tournaments were held not exempt under section 4(3)(i) or section 4(3)(ia) of the Indian Income-tax Act, 1922 for 1950-51 and 1951-52, because the income was not shown to be derived from property held wholly for charitable purposes and the cricket activity itself was not charitable. The alternative business exemption also failed, as the business was not proved to be carried on in the course of a primary charitable purpose or mainly by beneficiaries. For 1952-53, exemption under the amended section 4(3)(i) likewise failed because the required application or accumulation of income for charitable purposes was not proved. The receipts were therefore taxable. en-us Fri, 19 Sep 1958 00:00:00 +0530 Tue, 22 Dec 2015 18:44:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=176447 Receipts from exhibition cricket matches and tournaments were held not exempt under section 4(3)(i) or section 4(3)(ia) of the Indian Income-tax Act, 1922 for 1950-51 and 1951-52, because the income was not shown to be derived from property held wholly for charitable purposes and the cricket activity itself was not charitable. The alternative business exemption also failed, as the business was not proved to be carried on in the course of a primary charitable purpose or mainly by beneficiaries. For 1952-53, exemption under the amended section 4(3)(i) likewise failed because the required application or accumulation of income for charitable purposes was not proved. The receipts were therefore taxable. Case-Laws Income Tax Fri, 19 Sep 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=176447