Tribunal held that application for issuance of notification under S.10(23) for the relevant assessment year is pending before appropriate authority, AO is directed to consider assessee’s claim of exemption in case a notification is issued for the relevant year by appropriate authority. ( AY. 1999-2000)
Board of Control for Cricket in India. v. ITO ( 2018) 196 TTJ 1057/(2019) 174 ITD 159 (Mum.)(Trib.)
S. 20(23) : Sports association–Pendency of application for notification- AO is directed to consider assessee’s claim of exemption in case a notification is issued by appropriate authority for the relevant assessment year.[S. 12A].