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2013 (5) TMI 155 - AT - Income TaxCancellation of Registration U/s 12AA - Established for the purpose of promoting and developing the game of cricket - Charitable activity u/s 2(15) - held that:- It is not the physical factor as to whether the assessee is conducting cricket matches or not, which is the issue to be looked into. It is the purpose for which those physical activities are carried out. There is no case, as far as physical activities are concerned, that the game conducted by the assessee is not genuine. It becomes not genuine when we look into the objects for which the association is formed and registered under section 12AA of the Act. The object of the assessee was to carry on an activity for advancement of an object of general public utility by promoting the cricket game - But it has deviated from the stated objective by carrying out the game of cricket as an entertainment industry, generating huge revenue - We are of the considered opinion that the case of the assessee is covered by both the limbs stated in section 12AA(3) of the Act - We uphold the order of the Director of Income-tax (Exemptions) passed under section 12AA(3) of the Income-tax Act, 1961 - The registration of the assessee granted under section 12AA has been rightly cancelled - Appeal is dismissed in favour of revenue.
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