Central Government Notifies as the international sporting event, persons and specified income u/s 10(39) of Income Tax Act 1961. - 28/2011 - Income Tax Act, 1961
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Specified income from an international sporting event notified for designated persons where tax liability remains with those persons. The Government notifies the International Cricket Council Cricket World Cup, 2011 as an international sporting event and specifies certain ICC entities as the persons whose income arising in India and directly related to the event, from the listed agreements (primarily sponsorships), shall be treated as specified income, provided the tax liability is not transferred and remains with those designated persons.
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.
Specified income from an international sporting event notified for designated persons where tax liability remains with those persons.
The Government notifies the International Cricket Council Cricket World Cup, 2011 as an international sporting event and specifies certain ICC entities as the persons whose income arising in India and directly related to the event, from the listed agreements (primarily sponsorships), shall be treated as specified income, provided the tax liability is not transferred and remains with those designated persons.
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