providing services to IPL
4.Income from advertisement
5.Subsidy from BCCI
6.Sale of ticket for conducting of matches
7.Restaurant and catering income ... assessee included interest income earned from Fixed Deposits with Banks; subsidy from BCCI was a voluntary grant from the parent body for promotion and development
from booking of
corporate boxes by companies, receipt of IPL subvention
from BCCI, income from club facilities, receipt from sponsors
etc, are of commercial nature ... arrangement of
conducting Indian Premier League cricket (IPL) matches
agreed between BCCI and Kings XI Punjab and the role of
appellant therein. Therefore, the conclusions
providing service to IPL, income from advertisement, subsidy /
subvention from BCCI, sale of tickets for conducting matches,
restaurant and catering income ... matches or Indian Premier League
matches. In fact, BCCI, the parent organization which is a
national body in India, is organizing and conducting the
matches
that it was an organized
business activity being carried on by the BCCI, fortified the stand of the Assessing
Officer further. The sum and substance ... directly taken as 'corpus' by the appellant. The receipts from BCCI although
called as subsidy or subvention, it need not necessarily have
assessee was in
receipt of IPL Subvention, TV rights subsidy from the BCCI and also instedia
advertisement. Since the income generated through conduct ... eligible for exemption u/s 11 of the Act as receipts from BCCI in respect of IPL
Subvention & /TV subsidy being receipts from commercial
applied his mind to the nature of the receipts from BCCI viz. Share in TV
Rights, Infrastructure Subsidy and Advance against expenses of Stadium ... case the Id. CIT erred in holding that voluntary
contributions from BCCI are not in the nature of voluntary contributions.
3. The Id. CIT erred
assessee's shares in the total advertisement
revenues of BCCI related to commercial ventures of organizing One day & twenty-
twenty cricket matches specially ... 2020
ITO Vs. Rajasthan Cricket Association .
revenue from advertisement receipts from BCCI being its share in the advertisement
receipts. When these IPL teams of various
that assessee had earned substantial income in the shape of subsidy
from BCCI, Advertisement income, membership fees etc. and concluded that since assessee was
earning ... shape of sponsorship,
advertisement, T.V. rights etc. are received directly by BCCI. Further, BCCI delegates the organization
of matches to state association
arrangement of conducting Indian
Premier League cricket (IPL) matches agreed
between BCCI and Kings XI Punjab and the role of
appellant therein. Therefore, the conclusions ... Nature of Income Amount
Tournament Subsidy-others 4,75,000/-
Reimbursement / subsidy-BCCI 1,86,64,990/-
Share of TV Subsidy from BCCI
2017 &
ITA No.210/CTK/2016
(BCCI), confirming that the Telecast Rights are given as donation to
Orissa Cricket Association.
The assessee Association filed ... various infrastructure subsidy and other
receipts classified as corpus fund from BCCI and the expenses were
comprised of grants given to district level associations, institutions
