https://www.taxtmi.com/caselaws?id=791399 A registered charitable entity engaged in promoting wrestling remained entitled to exemption under sections 11 and 12 because royalty and sponsorship receipts were incidental to its charitable objects and did not show an independent business activity or profit motive. On identical facts in earlier years, the same view had been taken, and the receipts were therefore not treated as trade, commerce or business. The proviso to section 2(15) was held inapplicable, so charitable status was not denied and the exemption claim was sustained. en-us Mon, 30 Mar 2026 00:00:00 +0530 Sat, 09 May 2026 13:55:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791399 A registered charitable entity engaged in promoting wrestling remained entitled to exemption under sections 11 and 12 because royalty and sponsorship receipts were incidental to its charitable objects and did not show an independent business activity or profit motive. On identical facts in earlier years, the same view had been taken, and the receipts were therefore not treated as trade, commerce or business. The proviso to section 2(15) was held inapplicable, so charitable status was not denied and the exemption claim was sustained. Case-Laws Income Tax Mon, 30 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791399