https://www.taxtmi.com/caselaws?id=387786 The Court held that the activities of the Cricket Associations were charitable under Section 2(15) of the Income Tax Act, 1961. The income received from BCCI was deemed corpus donations under Section 11(1)(d), and the infrastructure subsidy from BCCI was classified as capital receipts. The Revenue's appeals were dismissed, and the Court ruled in favor of the assessees, affirming that the associations' activities were not commercial in nature and met the criteria for charitable status and exemption under the Income Tax Act. en-us Fri, 27 Sep 2019 00:00:00 +0530 Tue, 24 Dec 2019 15:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387786 The Court held that the activities of the Cricket Associations were charitable under Section 2(15) of the Income Tax Act, 1961. The income received from BCCI was deemed corpus donations under Section 11(1)(d), and the infrastructure subsidy from BCCI was classified as capital receipts. The Revenue's appeals were dismissed, and the Court ruled in favor of the assessees, affirming that the associations' activities were not commercial in nature and met the criteria for charitable status and exemption under the Income Tax Act. Case-Laws Income Tax Fri, 27 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387786