BCCI gets I-T notice

BCCI gets I-T notice

The move follows a detailed questionaire sent by the I-T department’s Mumbai office to the BCCI, which is a registered body, while the IPL is not.

In fact, the IPL operates as a sub-committee of the BCCI and has no independent existence.

The questions are related to money flow to franchisees, source of funding, the contracts entered into by those franchisees and the IPL, the players’ auctions and so on.

The BCCI has been given time till Friday to reply to the questions, IT sources here said.
According to sources, the BCCI is liable to pay all taxes arising out of the inquiry into the IPL, as it is not a registered entity. The tax exemption for the BCCI was withdrawn in November 2009.

Security tightened
Meanwhile, in the aftermath of the Bangalore blasts, the Mumbai police have tightened security in and around the D Y Patil stadium in Navi Mumbai.

The stadium is scheduled to host the semi-finals and final matches of the IPL.