BCCI owes govt Rs 550 cr in income tax, reveals RTI

Figure could be more as income tax department yet to make assessment for 2011-12 and 2012-13 fiscals

GN Bureau | August 7, 2013


BCCI: In a soup
BCCI: In a soup

Problems for the Indian cricket board do not end with the alleged spot-fixing in the money-churning Indian Premier League (IPL) and the purported sham of an internal probe it conducted to give clean chits to co-owners of two IPL teams. It extends to pending income tax worth crores – in fact, over Rs 550 crore between 2006-07 and 2010-11 fiscal years, an RTI query has found.

On a day the supreme court hears the BCCI’s petition against a Bombay high court verdict that dubbed illegal the internal probe panel’s clean chits to Rajasthan Royals' co-owner Raj Kundra and Chennai Super Kings ‘team principal’ Gurunath Meiyappan, also son-in-law of former BCCI president N Srinivasan, it emerges that the cricket board owes the income-tax department Rs 550.41 crore. Significantly, this pending amount does not include the assessment years 2011-12 and 2012-13, when both the income assessed and the deficit tax collected could have been pretty steep considering India co-hosted the big-ticket cricket World Cup in 2011.

The revelations have come following a query filed by Delhi-based RTI activist Subhash Chandra Agrawal.

The RTI response, dated July 30, came from the office of the assistant commissioner of income-tax in Churchgate, Mumbai, following a CIC verdict; revealing that the super-rich cricket board owes huge amounts to the government in way of pending income tax.

The RTI reply states that assessment proceedings are pending from 2011-12 fiscal onward. It says Rs 196.16 crore was to be recovered for the assessment year 2006-07, when tax demanded of BCCI was Rs 222.93 crore and tax collected was only Rs 26.77 crore.

(See attachment of the I-T department’s reply to Agrawal’s query under RTI law).

According to Agrawal, the income-tax department should immediately complete assessment proceedings against BCCI till date, including 2011-12 and 2012-13 as also decide all the board’s appeals against assessments and take “stringent action, including attachment of BCCI bank account/s (if necessary) to recover heavy tax-dues”.

The RTI activist also said the income-tax department should “initiate an inquiry to fix the responsibility of its erring personnel who left assessment proceedings pending against BCCI for too long”. The department should also put on its website a list of tax defaulters, stating the amount to be recovered as also effective steps to reduce tax arrears.

Significantly, several civic bodies, including those of Delhi and Bangalore, have decided to display the names of property tax defaulters, on major traffic intersections as part of their ‘naming and shaming’ policy to embarrass the defaulters.

Comments

 

Other News

When religion, politics and Bollywood come together

Tavleen Singh, noted journalist and political commentator, has turned to fiction, with her debut novel ‘The Actor’ (HaperCollins India). Set in the near future, it has a superstar, Amit Singh, turning to politics, when the political landscape is dominated by prime minister Guru Gaynendraj

Cabinet approves setting up of Integrated Transport & Logistics Authority

The union cabinet, chaired by prime minister Narendra Modi, on Tuesday approved the setting up of a Special Purpose Vehicle (SPV), called Integrated Transport & Logistics Authority (ITLA), to strengthen research, planning, appraisal, monitoring and impact assessment within the broad domains of Transp

Why foundational literacy and numeracy is key to school education

Foundational Literacy and Numeracy (FLN) are often described as the building blocks of education. Yet, their significance goes well beyond a child’s ability to read a sentence, write a response or solve a basic mathematical problem. These foundational skills shape how children understand the world,

When police data becomes the algorithm

For decades, policing has followed a familiar sequence: a crime occurs, the police respond, an investigation produces records and those records become part of the institutional memory of the criminal justice system. Artificial intelligence is beginning to alter that sequence. Instead of merely recording

Before India voted, the framers worried about the referee

“We are making a Constitution forever and not only for today.” Shibban Lal Saksena said this in the Constituent Assembly on June 15, 1949. He was warning that a ruling party might one day choose a loyalist to run India’s elections. Seventy-seven years later, the Supreme Court is wrestli

Delhi moves to real-time traffic management

The Cabinet Committee on Economic Affairs (CCEA), chaired by prime minister Narendra Modi, has approved implementation of the ITMS Project by Delhi Police at an estimated cost of Rs.1,789.52 crore, inclusive of taxes. The project will cover 42 identified traffic corridors and will be implemented in three

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter