TMI BlogExemption u/s 11 - proviso to section 2(15) is invoked - by incurring such expenditure by way of grants...Exemption u/s 11 - proviso to section 2(15) is invoked - by incurring such expenditure by way of grants to the district cricket association, the assessee society is contributing to creation of necessary infrastructure and purchase of equipments however such infrastructure and equipments results in creation/enhancement of existing/new infrastructure or acquisition of assets in the hands of the district cricket association, however as far as the assessee society is concerned, such an expenditure d..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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