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Supreme Court upholds tax liability of PILCOM for 1996 cricket World Cup remittances

Nearly a quarter century after PILCOM organised ICC World Cup matches in India, Pakistan and Sri Lanka, the Supreme Court has dismissed its appeal against tax liability of Rs 39 lakhs to Indian Income Tax Authority with interest from 1996.

Rejecting appeals of PILCOM and Sri Lanka cricket board against the HC verdict, a bench of Justices U U Lalit and Vineet Saran said, “only that proportion of the total receipt made by each such country from PILCOM, which bears the same ratio as the number of matches played by each such country in India to the total number of matches played by each such country in the tournament, should be considered to be income arising or accruing to the cricket association of that particular country.”

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