https://www.taxtmi.com/caselaws?id=401544 The Tribunal dismissed the Revenue's appeals and allowed the assessee's appeal, confirming eligibility for exemption under Sections 11 and 12 of the Income Tax Act, 1961. It found the proviso to Section 2(15) not applicable, as the primary objective of promoting cricket qualified as "advancement of general public utility." Grants to district associations were deemed proper applications of income, supporting the promotion of cricket. The Tribunal's decision aligned with judicial precedents and CBDT instruction No 1132, emphasizing that surplus-generating incidental activities do not negate the charitable nature of the primary objective. en-us Wed, 25 Nov 2020 00:00:00 +0530 Thu, 10 Dec 2020 08:23:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401544 The Tribunal dismissed the Revenue's appeals and allowed the assessee's appeal, confirming eligibility for exemption under Sections 11 and 12 of the Income Tax Act, 1961. It found the proviso to Section 2(15) not applicable, as the primary objective of promoting cricket qualified as "advancement of general public utility." Grants to district associations were deemed proper applications of income, supporting the promotion of cricket. The Tribunal's decision aligned with judicial precedents and CBDT instruction No 1132, emphasizing that surplus-generating incidental activities do not negate the charitable nature of the primary objective. Case-Laws Income Tax Wed, 25 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401544