In a major relief to the IPL Company, Royal Challengers Sports Pvt Ltd, the Income Tax Appellate Tribunal (ITAT) allowed tax deduction to its’ contribution of 15 crores towards the development of Karnataka Cricket Academy. The assessee owns a cricket team in the name and style of M/s Royal Challengers, Bangalore which participates in the […]
The post Royal Challengers Bangalore eligible Tax Deduction for Contribution towards Cricket Academy: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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