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BCCI can maintain charitable entity status, IPL not liable to tax: Tribunal

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BCCI can maintain charitable entity status, IPL not liable to tax: Tribunal

Name: BCCI can maintain charitable entity status, IPL not liable to tax: Tribunal
Uploaded: 2021-11-13T20:58:21.000+05:30
Duration: T00M48S
Channel: Editorji News Desk
Description: Dodging a bouncer from the tax departed, the Board of Control for Cricket in India will continue to get tax exemption as an income tax tribunal has ruled that the richest sports body in the country can't be denied registra...

Updated: Sep 02, 2022 10:53

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BCCI can maintain charitable entity status, IPL not liable to tax: Tribunal

Dodging a bouncer from the tax departed, the Board of Control for Cricket in India will continue to get tax exemption as an income tax tribunal has ruled that the richest sports body in the country can't be denied registration as the charitable entities.

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The Income Tax Appellate Tribunal in Mumbai had denied registration for BCCI as a charitable institution.

The Income Tax tribunal rejected the tax authorities' argument that IPL is a money-making exercise in the garb of cricket promotion.

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BCCI was granted registration as a charitable institution in 1996.

It applied for fresh registration due to amendments made in the its memorandum of association for incorporating the recommendations made by Justice Lodha Committee, which were approved by the Supreme Court.

Frequently Asked Questions

What is the status of BCCI's charitable registration?❯

The Board of Control for Cricket in India (BCCI) has been granted registration as a charitable institution by an income tax tribunal, maintaining its tax exemption status.

Why did BCCI seek fresh registration?❯

What was the tribunal's decision on IPL's tax liability?❯

When was BCCI first granted charitable institution status?❯

What was the earlier ruling on BCCI's charitable status?❯

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