Just a moment...

Top
Help
Upgrade to AI Search

We've upgraded AI Search on TaxTMI with two powerful modes:

1. Basic
Quick overview summary answering your query with referencesCategory-wise results to explore all relevant documents on TaxTMI

2. Advanced
• Includes everything in Basic
Detailed report covering:
     -   Overview Summary
     -   Governing Provisions [Acts, Notifications, Circulars]
     -   Relevant Case Laws
     -   Tariff / Classification / HSN
     -   Expert views from TaxTMI
     -   Practical Guidance with immediate steps and dispute strategy

• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:

Explore AI Search

Powered by Weblekha - Building Scalable Websites

×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

2021 (4) TMI 359

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e following substantial questions of law : "[A] "Whether on the facts and circumstances of the case and in law, the Hon'ble Tribunal was justified in allowing the benefit of exemptions under section 11 & 12 of the Act without considering the fact that the assessee is involved in widespread commercial activities in nature of business and the activity of the assessee is covered under provisions to section 2(15) r.w.s. 13(8) of the Act?" [B] "Whether on the facts and in the circumstances of the case and in law, the Hon'ble Tribunal is justified in allowing exemption u/s.11 of the Act on Net surplus of Rs. 20,62,53,049/- without appreciating that the proviso to section 2(15) r.w.s. 13(8) of the Act is applicable to the assessee and therefo....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e case and in law, the Hon'ble Tribunal is justified in allowing benefit of section 11 of the Act relying on the decisions of co-ordinate bench in the case of Gujarat Cricket Association vs Joint Commissioner of Income Tax (Exemptions), (2019) 101 taxmann.com 453 (Ahd. Trib.), without appreciating that the Department has not accepted the decision of the Hon. High Court in Tax Appeal No.317/2019 and proposed SLP before the Hon. Supreme Court?" 2. At the outset, learned advocate Mrs.Mauna Bhatt for the Revenue submitted that the similar issues have been decided against the Revenue by this Court in the case of Director of Income Tax V/s. Gujarat Cricket Association reported in 419 ITR Page 561 Gujarat. 3. This Court in case of Director of I....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... and the activities of the assessee, and not that of the Board. The nature of the activities of the assessees could not take tts colour from the nature of the activities of the donor. The Tribunat had held that all the three cricket associations were charitable institutions, The Tribunal could be said to have taken a reasonable view of the matter, and having recorded a finding of fact based on the material on record, the finding could not be interfered with, All three cricket associations were entitled to exception under Section 11. (ii) That one of the sources of income enumerated in clause (d) of subsection (1) of section 11 was income in the form of voluntary contributions made with a specific direction that it shall form part of the ....