Section 11 Exemption Denied for Income Over Rs. 25 Lakhs from Davis Cup Rights; Classified as Business Income.

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Full Text of the Document

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....Denying the exemption u/s 11 - the income over and above amount for ₹ 25 lacs from the business activity i.e. from the exploitation of its right to hold Davis Cup will be treated as ‘business income’ of the assessee and will be liable to include in its total income.....