ITAT held that the assessee, a sports-focused charitable trust, ...

Sports Charity Trust Wins Tax Exemption: Tribunal Confirms Nonprofit Status Under Section 11 with Focus on Public Utility

May 10, 2025

Case Laws Income Tax AT

ITAT held that the assessee, a sports-focused charitable trust, qualifies for exemption under section 11 of the Income Tax Act. Despite the proviso to section 2(15), the tribunal found that the trust's activities are not commercial in nature, as it operates with consistent financial deficits and primarily promotes sports as a public utility. The trust's nominal charges merely cover operational costs, and its four-decade-long commitment to charitable objectives demonstrates no profit-making intention. Consequently, the tribunal rejected the revenue's arguments, allowing the exemption claim and dismissing the grounds raised by the revenue.

View Source

← Previous Next →

ITAT held that the assessee, a sports-focused charitable trust, ...

Sports Charity Trust Wins Tax Exemption: Tribunal Confirms Nonprofit Status Under Section 11 with Focus on Public Utility

May 10, 2025

Case Laws Income Tax AT

You may also like:

The Income Tax Appellate Tribunal observed that the amendments made to the Trust deed were minor and did not affect the substance or spirit of the original deed. The...

ITAT ruled on a trust's tax exemption under section 11, addressing multiple key issues: The tribunal held that exemption denial under section 13 should be limited only...

Exemption u/s 11 - Donation to other trusts - no explanation offered for many donations made by the Trust as to whether they were for activities in conformity with the...

The Appellate Tribunal considered whether the assessee, a trust registered u/s 12AA, qualified for exemption u/s 11 as a charitable entity. The AO argued the trust's...

Exemption u/s 11 - assessee is a Charitable Trust registered u/s. 12A - The Tribunal found that the trust, despite being primarily focused on its members, was engaged in...

This case deals with the tax liability u/s 115BBC(1) for anonymous donations received in the "Hundi" by a charitable and religious trust. The key points are: The...

Denial of exemption u/s 11 & 12 - Assessment of trust - Taxation at Maximum Marginal Rate (MMR) - charging the assessee as per the provisions of section 164(1) or 164(2)...

Assessment of trust as Association of Persons (AOP) - family trust - rate of tax - maximum marginal rate or slab rates - Assessee family trust has only income from other...

Denial of exemption u/s 11 - Assessee is claimed to be a trust carrying on activities of providing swimming pool facilities for aquatic events and training and...

The HC dismissed a petition challenging denial of exemption under section 10(23C)(vi) of the Income Tax Act. The petitioner-trust argued that income received solely for...

The Appellate Tribunal addressed the denial of registration u/s 12AB to a Public Charitable Trust operating a Primary School for physically disabled children engaged in...

The ITAT Ahmedabad considered a case involving exemption u/s 11 for a trust with a belatedly filed income return. The tribunal held that the trust, registered u/s 12AA,...

The appellant trust claimed to be formed for public charitable activities and registered under the Rajasthan Public Trust Act 1959, regularly filing its income tax...

The appellant Trust's application for registration u/s 12A was rejected by the Commissioner of Income Tax (Exemptions) on the grounds that its activities were not...

ITAT determined that a registered charitable trust's income should be taxed at normal rates rather than maximum marginal rates, despite undefined trustee shares. While...

Quick Updates: