Commercial greed may have cost BCCI tax sops

Jul 23, 2010 |

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New Delhi, July 23: Trading their charitable character for commercial gains is what may have cost the Indian cricketing body BCCI tax concessions, if allusions in an upcoming book by the Income Tax department are any indication.

'Let Us Share,' a book that offers the common man a peek into the investigative and decision making mechanisms of the department, however, does not name BCCI.

Instead, it narrates the story of 'ABC' and the its pact with a company for selling media rights.

"A media rights agreement between ABC (alluding to BCCI) and 'PQR' (a company) for coverage of its events which comprised TV rights, radio rights and broadband internet etc used the phrase 'exploit any and all commercial opportunities of any nature whatsoever'.

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