Exemption Denied: Section 11 Tax Benefits Rejected Due to Commercial Intent in Sponsorship Fees for Advertisement Services.

Denial of Exemption u/s 11 - the assessee is charging huge amounts for sponsorship fee from corporate against which it provides various types of advertisement services and free passes are also provided - Making slabs for sponsorship fee and specifying the types of service against it are certainly for commercial gains with predominant objective to make profit - No Exemption. .....

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