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2017 (12) TMI 407 - AT - Income TaxDenying benefit of exemption u/s. 11 - amended proviso to section 2 (15) applicability - scope of activities undertaken by assessee - Held that:- The main object of the Trust is to promote the sports and games. The authorities below have drawn adverse inference and invoked the amended provisions of section 2(15) by holding that by engaging into coaching camps and obtaining receipts therefrom, the assessee is engaging into activities of commercial nature. This proposition is not at all sustainable. It is undeniable that the object or purpose of this trust is promotion of sports and games and thus charitable. The fact that the trust collects certain charges from coaching camps meant for promotion of sports and games cannot alter the character of the institution. To repeat the proposition as expounded above, it is not necessary that the Trust should provide something for nothing or for less than it cause or for less than the ordinary Trust. - Decided in favour of assessee.
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