Thursday, April 30, 2020

Sum paid as guarantee money to PILCOM taxable though it wasn’t connected to cricket matches played in India: SC

INCOME TAX: Appellant Committee (PILCOM) was formed by Cricket Control Boards/Associations of three countries viz. Pakistan, India and Sri Lanka, for purpose of conducting World Cup Cricket tournament for year 1996 in these three countries

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194463/sum-paid-as-guarantee-money-to-pilcom-taxable-though-it-wasn’t-connected-to-cricket-matches-played-in-india-sc.aspx
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