BCCI isn’t engaged in commercial activities as funds generated from IPL are used for promoting cricket: ITAT

INCOME TAX : Operational model of Indian Premier League tournament (IPL) was more entertaining, more economically viable, provided greater economic opportunities to all those associated with that tournament, and mobilized greater financial resources for popularising cricket, as long as purpose for which all funds at disposal of assessee-trust, BCCI, including additional funds generated from IPL, were employed for promoting cricket,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317933/bcci-isn’t-engaged-in-commercial-activities-as-funds-generated-from-ipl-are-used-for-promoting-cricket-itat.aspx