Withdrawal of Tax-Exemption in Case of Four Cricket Associations

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..... Withdrawal of Tax-Exemption in Case of Four Cricket Associations
News and Press Release
Dated:- 9-1-2014

The Income Tax authorities have looked into the affairs of the four cricket assoc .....

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..... iations, namely Saurastra Cricket Association, Baroda Cricket Association, Kerala Cricket Association and Maharastra Cricket Association and have found that these cricket associations were engaged in .....

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..... certain activities which were considered commercial in nature in view of the amended provisions of Sec 2(15) of the Income Tax Act, 1961. Consequently, the scrutiny of assessments in these cases has r .....

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..... esulted into the withdrawal of tax-exemption. Past assessments in these cases have also been reopened by the Department to examine the correctness of their claim for income tax exemption during the pe .....

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..... riods concerned.
News - Press release - PIB .....

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