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Income received by Kerala Cricket Association - whether exempt ...


Income from BCCI to Kerala Cricket Association - exempt u/s 2(15) or business income? Remanded to decide based on Ahmedabad case. Fresh orders in 6 months.

Case Laws     Income Tax

August 12, 2024

Income received by Kerala Cricket Association - whether exempt u/s 2(15) r.w.s. 12AA - matter remanded to Appellate Tribunal to determine if amount from BCCI was infrastructure subsidy or business income - Tribunal to adjudicate afresh in light of Ahmedabad Urban Development Authority case - final orders within 6 months.

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