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2018 (12) TMI 325 - ITAT DELHICharitable activity u/s 2(15) - Exemption under Section 11/12 - Held that:- The assessee has received royalty and sponsorship fee towards organizing of the sports activity it is not a regular business activity of the society which has been spent for the object of the Society. CIT(A) has given cogent reasoning for holding that provision to section 2(15) would not apply in the facts of the present case, against which there is nothing on record from the side of the Revenue. In respect of the other issue the assessee has complied the procedures laid down by the Government of India for organizing the sports aboard. The case laws cited by the AR of the assessee could also not be controverted on behalf of the Revenue. No justification to interfere with the impugned order. Accordingly, the appeal of the Revenue deserves to fail.
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