Expense deduction for non-professional Test cricketers permitted under income-tax provision after withdrawal of prior administrative formula. Withdrawal of Instruction No. 1432 revokes the prior administrative prescription of fixed presumptive expense proportions for Test cricketers' receipts, and directs that non professional Test cricketers must claim allowable expenses in accordance with section 57(iii) of the Income tax Act, 1961 rather than rely on the earlier prescribed percentages.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Expense deduction for non-professional Test cricketers permitted under income-tax provision after withdrawal of prior administrative formula.
Withdrawal of Instruction No. 1432 revokes the prior administrative prescription of fixed presumptive expense proportions for Test cricketers' receipts, and directs that non professional Test cricketers must claim allowable expenses in accordance with section 57(iii) of the Income tax Act, 1961 rather than rely on the earlier prescribed percentages.
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