BCCI hasn't paid income tax worth Rs 550 cr
While the world's richest cricket board fights attempts to bring it under the ambit of the Right to Information (RTI) Act, an RTI application filed with the Income Tax (IT) department has revealed that the cash-rich Board of Control for Cricket in India (BCCI) owes a whopping Rs 550 crore in arrears to tax authorities
Data furnished by the IT department (copy available with MiD DAY) suggests that the BCCI has defaulted on the huge payments from the fiscal year 2006-07 to 2010-11.
It also seems that the figure could be higher, as the IT department has yet to make an assessment for 2011-12 and 2012-13 considering India co-hosted the big-ticket cricket World Cup in 2011.
New Delhi-based RTI activist, Subhash Agrawal, who filed the RTI, said he was surprised with the workings of the IT department because it has not showed any urgency to complete assessment proceedings for pending years.
Agrawal said it was regrettable that the huge amount of Rs 196 crore has still to be recovered for the assessment year 2006-07 and the IT department should immediately complete assessment proceedings against BCCI till date, adding that the tax authorities should also provide data of tax arrears against BCCI prior to the assessment year 2006-07.
BCCI legal adviser Akhila Kaushik refused to comment on the issue, but a lawyer associated with the Board told MiD DAY yesterday that the BCCI’s first appeal is still pending before the IT department.