Assessee cricket association was denied benefit of S. 11 on ground that registration granted to assessee had been cancelled, however, in view of fact that registration had been restored vide order passed by coordinate bench, applicability of S. 11 would follow. Amounts received by  cricket association under TV subsidy from Board of Control for Cricket in India (BCCI) being under a resolution which specifically stated that TV subsidies should henceforth be sent to Member Associations towards corpus funds and not under any legal obligation were to be treated as corpus donations. Claim for depreciation on capital assets was to be allowed, even if amount spent on acquiring depreciable asset was treated as application of income of trust in year of acquisition, depreciation would still be allowable in subsequent years. (AY. 2004-05 to 2007-08)