https://www.taxtmi.com/caselaws?id=350681 The Tribunal dismissed the Revenue's appeal, affirming that the assessee's activities are charitable and eligible for exemption under Sections 11 and 12 of the Income Tax Act. The Tribunal held that receiving sponsorship and royalty income does not change the charitable nature of the organization, emphasizing that the primary object of promoting basketball is charitable. The decision upheld the CIT(A)'s order and was pronounced on 21/08/2017. en-us Mon, 21 Aug 2017 00:00:00 +0530 Fri, 10 Nov 2017 09:22:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350681 The Tribunal dismissed the Revenue's appeal, affirming that the assessee's activities are charitable and eligible for exemption under Sections 11 and 12 of the Income Tax Act. The Tribunal held that receiving sponsorship and royalty income does not change the charitable nature of the organization, emphasizing that the primary object of promoting basketball is charitable. The decision upheld the CIT(A)'s order and was pronounced on 21/08/2017. Case-Laws Income Tax Mon, 21 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350681