IPL not liable to tax, it's sport promotion, rules ITAT

The Income Tax Appellate Tribunal (ITAT), in an appeal filed by the BCCI, upheld the arguments of the sports body that even though it's making money through the Indian Premier League (IPL), the object of promoting cricket remains intact and hence its income should be exempt from tax.

from Economy-News-Economic Times https://ift.tt/3Cbtwce
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