{"id":15470,"date":"2021-03-03T12:28:53","date_gmt":"2021-03-03T06:58:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/maninder-singh-v-acit-2021-bcaj-february-p-47-delhi-trib\/"},"modified":"2021-03-03T12:28:53","modified_gmt":"2021-03-03T06:58:53","slug":"maninder-singh-v-acit-2021-bcaj-february-p-47-delhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/maninder-singh-v-acit-2021-bcaj-february-p-47-delhi-trib\/","title":{"rendered":"Maninder Singh v. ACIT ( 2021) BCAJ- February -P.47 ( Delhi) (Trib)"},"content":{"rendered":"<p>The assessee is a former Indian Cricketer\u00a0 received an award of\u00a0 Rs 75 .09 lakhs from BCCI in recognition of his service to Indian Cricket . The assssee claimed the said amount as exempt relying on CBDT Circular No 447 dt 22-1 1986( 1986) 157 ITR 52 (St)\u00a0 . However the AO relying on Circular No 2 of 2014(2014) 361 ITR 63 (St)\u00a0 held that the said amount is taxable . Order of the AO is affirmed by the CIT (A) . On appeal the Tribunal\u00a0 relying on second proviso to section 56 (2) (vii)\u00a0 held that BCCI is registered under section 12AA of the Act hence the amount received is not liable to be taxed . ( ITA .No. 6954\/ Del\/ 2019 dt 6- 1-2021 ) (AY. 2013 -14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 56 : Income from other sources \u2013 Award received in recognition of services to Indian Cricket From BCCI is exempt [ S. 12AA,56(2))(vii) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-15470","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-41w","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15470","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=15470"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15470\/revisions"}],"predecessor-version":[{"id":15471,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/15470\/revisions\/15471"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=15470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=15470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=15470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}