https://www.taxtmi.com/caselaws?id=461402 A one-time reward paid by BCCI to former cricketers was treated as a benefit linked to their past services, but it was found to fall within the second proviso to section 56(2)(vii) because BCCI was a trust registered under section 12AA. On that basis, the receipt was excluded from taxation under section 56(2)(vii), and the addition made in respect of the payment was not sustainable and was directed to be deleted. en-us Wed, 06 Jan 2021 00:00:00 +0530 Fri, 04 Apr 2025 19:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461402 A one-time reward paid by BCCI to former cricketers was treated as a benefit linked to their past services, but it was found to fall within the second proviso to section 56(2)(vii) because BCCI was a trust registered under section 12AA. On that basis, the receipt was excluded from taxation under section 56(2)(vii), and the addition made in respect of the payment was not sustainable and was directed to be deleted. Case-Laws Income Tax Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461402