https://www.taxtmi.com/caselaws?id=285521 The Tribunal ruled in favor of the appellant, holding that the activities promoting cricket were charitable and qualified for exemption under Section 11 of the Income Tax Act. The Tribunal overturned the CIT(A)'s decisions on taxation of net surplus, classification of activities as business income, denial of benefits under Sections 11(1)(a) and 11(2), and charging of interest under Section 234B. Additionally, the Tribunal directed the dropping of penalty proceedings under Section 271(1)(c), emphasizing the charitable nature of the appellant's activities. en-us Tue, 11 Jun 2019 00:00:00 +0530 Thu, 16 Jan 2020 11:00:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285521 The Tribunal ruled in favor of the appellant, holding that the activities promoting cricket were charitable and qualified for exemption under Section 11 of the Income Tax Act. The Tribunal overturned the CIT(A)'s decisions on taxation of net surplus, classification of activities as business income, denial of benefits under Sections 11(1)(a) and 11(2), and charging of interest under Section 234B. Additionally, the Tribunal directed the dropping of penalty proceedings under Section 271(1)(c), emphasizing the charitable nature of the appellant's activities. Case-Laws Income Tax Tue, 11 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285521