Cricket bodies face heat

Dec 14 2013, 03:38 IST
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SummaryCAG on Friday slammed the income tax department for extending irregular exemptions to four cricket affiliates of BCCI...

CAG on Friday slammed the income tax department for extending irregular exemptions to four cricket affiliates of BCCI, resulting in short-levy of tax of over Rs 37 crore. "I-T department allowed exemption in four... cases for income received from TV rights from BCCI in cases of Saurashtra Cricket Association, Baroda Cricket Association, Kerala Cricket Association and Maharashtra Cricket Association resulting in short levy of tax of Rs 37.23 crore," it said in a report.

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