STAFF WRITER 18:10 HRS IST
New Delhi, Jan 14 (PTI) Evading taxes for long by calling itself a charitable organisation, the BCCI may now have to shell out more than Rs 100 crore as the income tax department is set to penalise the Indian Cricket Board for hiding details of its commercial activities.
The IT departement has passed an order terming the BCCI a commercial organsiation and not a charitable one. Sources in the CBDT confirmed that the order has been passed by the Exemptions unit of the department in Mumbai.
Sources said the BCCI has not informed the tax department about a number of its activities like establishing coaching centres, conducting Twenty20 tournaments and other commercial ventures conducted within and outside the country.
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