This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
ITAT allows tax exemption of Rs 1.5 Cr to Kapil Dev on one-time benefit by BCCI
Case Law Details
- Case Name
- Kapil Dev Nikhanj Vs ACIT (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2013-14
- Courts
- All ITAT, ITAT Delhi
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Kapil Dev Nikhanj Vs ACIT (ITAT Delhi)
The Income Tax Appellate Tribunal (ITAT) Delhi ruled in favor of Kapil Dev, granting him a tax exemption of ₹1.5 crore received as a one-time benefit from the Board of Control for Cricket in India (BCCI). The appeal stemmed from an earlier assessment order for the assessment year 2015-16, where Kapil Dev had voluntarily declared this amount as taxable income. However, he later challenged this classification after being advised that such a benefit was exempt under Section 56(2)(vii) of the Income Tax Act. The Commissioner of Income Tax (Appeals) [CIT(A)]...
Author Info
