Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
ITAT Exempts Tax On ₹1.5 Crore Granted By BCCI To Kapil Dev In Recognition Of His Services To Cricket
The ITAT exempted tax on ₹15 crore granted to Kapil Dev by the BCCI in recognition of his services to cricket. This ruling clarifies the tax treatment of awards and recognitions. It acknowledges Kapil Dev's contributions to the sport. The decision provides clarity on tax exemptions.