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2018 (5) TMI 227 - AT - Income TaxExemption granted u/s 11 - Registration granted to the assessee u/s 12A cancelled with retrospective effect - Held that:- The assessee should be granted exemption u/s 11 of the Act for assessment year 2008-09, since the Tribunal has held that the cancellation of registration shall take effect from 01-06-2010 only. Accordingly we set aside the order passed by Ld CIT(A) for assessment year 2008-09 and restore all the matters to the file of the assessing officer with the direction to compute the total income of the assessee by applying the provisions of exemption granted u/s 11 of the Act. Applicability of the proviso to sec. 2(15) - cricket matches conducted by the assessee by selling tickets was a commercial activity - claim for exemption u/s 11 rejected - Held that:- There is no dispute that the promotion of cricket falls within the scope of objects of the assessee. Further, the recreational facilities did not become operational during the year under consideration. - Decided against revenue
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