INCOME TAX : Where activities of assessee cricket association were concentrated towards augmentation of revenue by exploiting popularity of game of cricket and by creating monopoly, such activities could not be said to be of charitable nature, hence, assessee would not be entitled to exemption under sections 11 and 12INCOME TAX : Where activities of assessee cricket association were concentrated towards augmentation of revenue by exploiting popularity of game of cricket and by creating monopoly, such activities could not be said to be of charitable nature, hence, assessee would not be entitled to exemption under sections 11 and 12www.taxmann.com Latest Case LawsRead More
