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Assessee Granted Tax Exemption for Promoting Cricket, Not Engaged in Business Activities u/ss 11 and 10(23C)(iv.
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....Eligible for exemption u/s. 11 or 10(23C) - the dominant object of the assessee is to only develop the game of the cricket and not to carry any business activity directly or indirectly in the activities related trade, commerce, business. Therefore, assessee is entitled for claim of exemption u/s 11 and u/s 10(23C)(iv)....