Denial of Exemption u/s 11 - the assessee is charging huge ...
Case Laws Income Tax
February 5, 2019
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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