BCCI gets fresh summons from I-T, asked details about IPL bids

Image
Press Trust of India Mumbai
Last Updated : Jan 20 2013 | 1:04 AM IST

Under scanner from multiple government agencies, the Board of Control for Cricket in India (BCCI) has been served with fresh summons by the Income Tax (I-T) authorities seeking details about the conduct of Indian Premier League (IPL), including bids for franchisees and payments made by the cash rich T20 League.

The summons were issued on July 19 by the Office of Assistant Director of Income Tax, Mumbai to BCCI secretary N Srinivasan, asking the latter to present himself or a representative today and furnish details related to the IPL bids, a source said today.

In reply, the BCCI today informed the IT authorities that a representative of the Board would be present before it on July 23.

"Following the summons, the BCCI has sent a letter to the I-T department seeking more time and assured that a Cricket Board representative will meet the tax officials on July 23," a source close to the development told PTI here.

Putting the onus on the BCCI as the parent body of the IPL, the I-T department had asked it to furnish details on certain issues, including why bids for franchisees were in US dollars, and the currency in which payments were made, the source said.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 21 2010 | 8:58 PM IST

Next Story