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2018 (3) TMI 939 - AT - Income TaxExemption u/s 11 eligibility - cricket association - applicability of proviso to Section 2(15) - assessee association was not considered a charitable organization - Held that:- As decided in Tamil Nadu Cricket Association [2013 (12) TMI 833 - MADRAS HIGH COURT] after considering the proviso to Section 2(15) of the Act for assessment year 2010-11, held that the benefit of Section 11 of the Act cannot be denied. Hon’ble High Court has considered the proviso to Section 2(15) of the Act taking into consideration the object of the institution which fits into the definition of charitable purpose defined under Section 2(15) and subsequent substitution of the Section itself with effect from 1st April, 2009. Although the decision of Hon’ble Madras High Court is in respect of grant of registration u/s 12AA but the relevant observations reproduced above are very much relevant to the issue before us - Decided in favour of assessee.
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