The ITAT bench of Hyderabad set aside the order and restore

 The ITAT bench of Hyderabad set aside the order and restore

The ITAT bench of Hyderabad set aside the order and restore to CIT(A) where the AO denied exemption under section 11 to assessee on ground that The IPL matches conducted by the assessee are purely on commercial basis. The Commissioner (Appeals) in a very cryptic order, has directed the Assessing Officer to allow the exemption under section 11, merely on the basis of registration under section 12AA available to the assessee. (ACIT(E) vs Hyderabad Cricket Association)



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