The Gujarat High Court upheld the order by the Income Tax Appellate Tribunal (ITAT) that Baroda Cricket Association engaging in international matches is not amounts to commercial activity. Thus, the benefits of exemptions under section 11 and 12 of the Income Tax Act can be allowed. The Baroda Cricket Association merely held certain demonstration or […]
The post Cricket Association eligible for Tax Exemption for Income from International Matches: Gujarat HC appeared first on Taxscan | Simplifying Tax Laws.
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