IT : Where assessee cricket association was contributing towards promotion and popularity of cricket but at same time its activities were also concentrated for generation and augmentation of revenue by exploiting popularity of game and towards monopolisation and having dominant control over cricket, to exclusion of others, assessee would not be entitled to exemption under section 11 as its activities no more fall under definition of charitable purposes as per provisions of section 2(15)
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000190570/no-sec-11-relief-to-‘punjab-cricket-association’-as-revenue-generated-by-cricket-game-not-charitable.aspx
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