https://www.taxtmi.com/caselaws?id=364791 The Tribunal partially allowed the appeal in a case concerning denial of exemption under Section 11 of the Income Tax Act to a charitable entity due to commercial exploitation during a sports event. It ruled that income up to a specified limit from the commercial activity should be considered charitable, while the excess should be treated as business income. The Assessing Officer was directed to reassess the income accordingly. en-us Thu, 26 Jul 2018 00:00:00 +0530 Thu, 16 Aug 2018 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364791 The Tribunal partially allowed the appeal in a case concerning denial of exemption under Section 11 of the Income Tax Act to a charitable entity due to commercial exploitation during a sports event. It ruled that income up to a specified limit from the commercial activity should be considered charitable, while the excess should be treated as business income. The Assessing Officer was directed to reassess the income accordingly. Case-Laws Income Tax Thu, 26 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364791