The Income Tax department has decided to gun for the BCCI and has claimed over Rs. 100 crores in unpaid taxes and penalties. More importantly, based on this news report, this line is interesting:
“The element of benevolence and promotion of the sport (cricket) was not found after the scrutiny of tax related returns,” sources said. The BCCI’s reply to the order is still awaited.
The tax department is unhappy about BCCI not disclosing information on activities like establishing coaching centres, conducting Twenty20 tournaments and other commercial ventures.