Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (9) TMI 1311 - AT - Income TaxDenial of benefit of section 11 and 12 - denial on the ground that the activities of the assessee are commercial in nature and proviso to section 2(15) are attracted - assessee association is receiving income from corporate boxes, Champion League T-20 matches, income from IPL matches, membership subscription fee, tournament subsidy and sponsorship money. It is also receiving income from sale if liquor etc. - Held that:- Since the Assessing Officer following his order for assessment year 2009-10 has denied the benefit of section 11 and 12 of the assessee and since the order for assessment year 2009-10 has already been decided in favour of the assessee by the Tribunal, therefore, in absence of any contrary material brought to our notice by the DR against the order of the Tribunal, the order of the ld. CIT(A) allowing the benefit of section 11 and 12 to the assessee is upheld. The grounds raised by the Revenue are accordingly dismissed.
|