U/s 10(39) of IT Act 1961 - Central Government notifies the international sporting event, persons and specified income for the purpose of the said clause - 85/2017 - Income Tax Act, 1961
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International sporting event tax notification designates FIFA U 17 World Cup organiser and specifies sponsor receipts as the taxable income category. Notification designates the Federation internationale de Football Association under-17 Football World Cup as an international sporting event and the Federation as the person, and specifies organiser income consisting of receipts from national supporters as the specified income arising from organising the event, with subsequent substitution and omission entries altering the originally listed income items.
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.
International sporting event tax notification designates FIFA U 17 World Cup organiser and specifies sponsor receipts as the taxable income category.
Notification designates the Federation internationale de Football Association under-17 Football World Cup as an international sporting event and the Federation as the person, and specifies organiser income consisting of receipts from national supporters as the specified income arising from organising the event, with subsequent substitution and omission entries altering the originally listed income items.
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