While granting relief to the Indian Olympic Association, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) the sponsorship contract with Samsung India Electronics Pvt. Ltd would not constitute carrying on of any activity in the nature of trade, commerce or business by the Association. The assessee is an Apex sports body […]
The post Tax Exemption can’t be denied to Indian Olympic Association Merely for Receiving Sponsorship: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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