407 ITR

Sec. 12A, Sec. 206A

Bombay H.C : the registration granted under Section 12A of the Income Tax Act, 1961 to avail the benefit of exemption would continue even after the assessee society was found to be regularly involved in holding various commercial tournaments on behalf of BCCI and receiving payment from BCCI for TV and other rights, which also amounted to carrying on activity in the nature of rendering services to trade, commerce or business and thus hit by the mischief of the proviso to Section 2(15) introduced w.e.f. 01.04.2009

High Court Of Bombay Pr.CIT vs. Maharashtra Cricket Association Section : 260A, 12A Asst. Year : 2009-10 M. S. Sanklecha

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