Home > News >

Revenue Department withdraws tax exemption of 4 cricket associations

The Comptroller and Auditor General in its report tabled in Parliament last month had slammed the I-T Department for extending irregular exemptions to the four cricket affiliates of BCCI © Getty Images (Representational Photo)
The Comptroller and Auditor General in its report tabled in Parliament last month had slammed the I-T Department for extending irregular exemptions to the four cricket affiliates of BCCI © Getty Images (Representational Photo)

New Delhi: Jan 9, 2014

Revenue Department on Wednesday withdrew tax benefit of four cricket bodies — Saurashtra Cricket Association, Baroda Cricket Association, Kerala Cricket Association and Maharashtra Cricket Association — for engaging in certain commercial activities.

The Central Board of Direct Taxes (CBDT) said the Income Tax authorities have looked into the affairs of these four cricket associations and found that they were engaged in certain activities which were considered commercial in nature in view of the amended provisions of Sec 2(15) of the Income Tax Act.

“Consequently, the scrutiny of assessments in these cases has resulted into the withdrawal of tax-exemption,” the CBDT said.

Past assessments in these cases, it added, have also been reopened by the revenue department to examine the correctness of their claim for income tax exemption during the periods concerned.

The Comptroller and Auditor General (CAG) in its report tabled in Parliament last month had slammed the I-T Department for extending irregular exemptions to the four cricket affiliates of BCCI, resulting in short-levy of tax of over Rs 37 crore.

The CAG said the I-T Department allowed irregular exemptions on income from TV rights given to four associations engaged in commercial activity.

The CAG said under Section 2 (15) of the Income Tax Act, a public utility activity cannot be treated as “charitable” if it involves carrying out of any activity in the nature of trade, commerce or business.

West Indies tour of India, 2014

Oct 20, 2014 (14:30 IST)   at Kolkata

Pakistan vs Australia in UAE, 2014

Oct 22, 2014 (11:30 IST)   at Dubai

West Indies tour of India, 2014

Oct 22, 2014 (19:00 IST)   at Cuttack

South Africa tour of New Zealand, 2014

Oct 24, 2014 (03:00 IST)   at Mount Maunganui

Zimbabwe tour of Bangladesh, 2014

Oct 25, 2014 (09:00 IST)   at Dhaka

More

South Africa tour of New Zealand, 2014

Oct 21, 2014  at Mount Maunganui

South Africa won by 6 wkts

West Indies tour of India, 2014

Oct 17, 2014  at Dharamsala

India won by 59 runs

West Indies tour of India, 2014

Oct 14, 2014  at Visakhapatnam

Match cancelled

Pakistan vs Australia in UAE, 2014

Oct 12, 2014  at Abu Dhabi

Australia won by 1 run

West Indies tour of India, 2014

Oct 11, 2014  at Delhi

India won by 48 runs

Photos

Pakistan vs Australia, 1st Test at Dubai

Videos

AB de Villiers praises team after win in 1st ODI

Saeed Ajmal’s action to be assessed after two more weeks of remedial work under Saqlain Mushtaq

Pakistan vs Australia, 1st Test, Day 1 highlights: Younis Khan’s ton, Mitchell Johnson’s riveting spell

Steve O’Keefe and other Test cricketers with apostrophes in their surnames

Mitchell Marsh, Shaun Marsh, Geoff Marsh and other Father-Son trios to have played Test cricket

Pakistan vs Australia 2014: Why did Mohammad Hafeez go for a shocking review?

Australia Australia tour of UAE 2014 Australia vs Pakistan Australia vs Pakistan 2014 India New Zealand New Zealand vs South Africa New Zealand vs South Africa 2014 Pakistan Pakistan vs Australia Pakistan vs Australia 2014 South Africa South Africa tour of New Zealand 2014 South Africa vs New Zealand South Africa vs New Zealand 2014

Saeed Ajmal’s action to be assessed after two more weeks of remedial work under Saqlain Mushtaq

Nepal to host world’s first blind women’s cricket series

All India Public Sector Cricket Tournament to be held in Mumbai

Mitchell Johnson: We need to use new ball well tomorrow

Pakistan vs Australia 2014: Younis Khan proud at scoring record 25th Test ton

South Africa vs New Zealand 2014: Vital for Brendon McCullum to find form quickly

Younis Khan: First Pakistani and 12th overall to score a century against all 9 Test nations

Pakistan vs Australia, 1st Test, Day 1 highlights: Younis Khan’s ton, Mitchell Johnson’s riveting spell

Younis Khan becomes first Pakistan batsman to score a ton against each of the Test-playing nations

Steve O’Keefe and other Test cricketers with apostrophes in their surnames

Fan of the Day

Suraj Gowda

Suraj Gowda

642 Posts | 9 Fans

Virat Kohli's Family Meets Anushka Sharma

Box Cricket League anthem: Surbhi Jyoti, Rithvik Dhanjani, Kishwer Merchant ready to hit a sixer

Bigg Boss 8 Highlights: Ali Quli Mirza loses his cool and threatens to poke Gautam Gulati’s eye out

For Every Busy Bee, Get a Powerful Workout in Under an Hour

इबोला से संक्रमित अमेरिकी फोटोग्राफर विषाणु मुक्त घोषित

Google’s new Inbox app is the Google Now of Gmail

इबोला : अंतर्राष्ट्रीय लड़ाई में क्यूबा का साथ देगा अमेरिका

Canada Shooting: Ottawa shooting adds Canada to the dreaded terrorist attack list

Lenovo RocStar music-focused Android KitKat smartphone with Dolby Digital Plus audio launched in India, priced at Rs 6,499

Also on cricketcountry.com

Play Fantasy Cricket & Win

Cash Daily! Click here