https://www.taxtmi.com/caselaws?id=756115 The ITAT Delhi held that the assessee's Section 25 company, operating as a sports organization promoting cricket in Uttar Pradesh, was not entitled to exemption under Section 11 as its activities were not charitable in nature. The registration under Section 12AA was cancelled following changes to the definition of charitable purpose under Section 2(15). Following the SC decision in Ahmedabad Urban Development Authority, the matter was remanded to CIT(A) for fresh consideration, requiring careful examination of receipts, expenditure patterns, and arrangements with BCCI regarding infrastructure subsidies and broadcast rights. en-us Tue, 23 Jul 2024 00:00:00 +0530 Fri, 26 Jul 2024 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=756115 The ITAT Delhi held that the assessee's Section 25 company, operating as a sports organization promoting cricket in Uttar Pradesh, was not entitled to exemption under Section 11 as its activities were not charitable in nature. The registration under Section 12AA was cancelled following changes to the definition of charitable purpose under Section 2(15). Following the SC decision in Ahmedabad Urban Development Authority, the matter was remanded to CIT(A) for fresh consideration, requiring careful examination of receipts, expenditure patterns, and arrangements with BCCI regarding infrastructure subsidies and broadcast rights. Case-Laws Income Tax Tue, 23 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=756115