vIndianz.com (15 Jan, 2010) — India’s richest sporting body, Board of Control for Cricket in India has said that it will appeal against the Rs 100 crore plus penalty it faces from the Income Tax Department.
According to Indian media, the IT department has reportedly passed an interim order, terming BCCI as a commercial organisation and not charity organisation as claimed by the sporting body.
BCCI treasurer M.P. Pandove claimed in Chandigarh on Thursday: “BCCI is a registered charitable institution. I am not aware under what circumstances they (the IT Department) have made this assessment that we will have to pay Rs 120 crore as tax. However, we are yet to receive their order and once we get it, we will appeal against it.”
Pandove also added that he had only learnt about the order through media reports.
He, however, was categorical in saying that BCCI continued to be a registered charitable body.
Ironically, the Punjab Cricket Association, of which Pandove is the Secretary, had also drawn flak from the IT Department for carrying out commercial activities in the past.
Punjab unit was registered as Society under Indian Societies Registration Act and had been exempted from paying tax under Section 12 (A) of the Income Tax Act.
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