https://www.taxtmi.com/caselaws?id=797553 Sponsorship receipts from a women's marathon integrally connected with charitable objects of health, fitness, awareness and empowerment do not constitute trade, commerce or business merely because sponsors obtain promotional benefits or the event generates substantial receipts or surplus. Commerciality depends on the activity's intrinsic nature, purpose and manner, not the sponsors' accounting treatment or receipt quantum. The proviso to section 2(15) and section 13(8) therefore do not apply where no independent commercial undertaking or distinct commercial services exist. Furnishing Form 10BB instead of Form 10B is a curable procedural defect where accounts were audited before filing, valid registration existed, and Form 10B was submitted during assessment; it does not defeat exemption under section 11. en-us Wed, 19 Aug 2026 00:00:00 +0530 Mon, 24 Aug 2026 08:33:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797553 Sponsorship receipts from a women's marathon integrally connected with charitable objects of health, fitness, awareness and empowerment do not constitute trade, commerce or business merely because sponsors obtain promotional benefits or the event generates substantial receipts or surplus. Commerciality depends on the activity's intrinsic nature, purpose and manner, not the sponsors' accounting treatment or receipt quantum. The proviso to section 2(15) and section 13(8) therefore do not apply where no independent commercial undertaking or distinct commercial services exist. Furnishing Form 10BB instead of Form 10B is a curable procedural defect where accounts were audited before filing, valid registration existed, and Form 10B was submitted during assessment; it does not defeat exemption under section 11. Case-Laws Income Tax Wed, 19 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797553