atya
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Behave yourself"Namaz bakhshwaane gaye the..Roze gale pad gaye"!!
ICC asks Pakistan Cricket Board to pay 60 per cent of Indian board’s claimed cost in legal battle
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kmc_chacko
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ICC asks BCCI to pay INR 161 crore as 2016 World T20 tax deduction compensation or lose 2023 World Cup rights
The Board of Control for Cricket in India has been involved in some legal battles of late. While the board recently received a boost as the International Cricket Council asked the Pakistan Cricket Board to pay 60% of BCCI's legal fees, they have now-now been asked by the ICC to either pay USD 23 million (Rs 161 crore) by the end of this year as compensation for the tax deductions incurred in hosting the 2016 World T20 or end up losing the 2023 World Cup rights.
In the ICC board meeting, held in Singapore in October, the minutes of the meeting read that the BCCI would have to compensate for the tax deductions that the ICC faced as India hosted the 2016 World T20, after no exemption in taxes was given by either the state or the central government. The ICC has also threatened the Indian board that a failure to comply with the demands would make them deduct the amount from the revenue share for the ongoing financial year.
India is supposed to host the 2021 Champions Trophy and the 2023 World Cup, which again would come under jeopardy if BCCI fails to meet ICC's demands. As per a report in TOI, the BCCI has now asked the ICC to share the minutes of the meeting where they had promised to get them a tax waiver. The minutes, however, haven't been shared by the international body as yet.
“The ICC is shying away from sharing any minutes because they don’t have any. They just want to recover that money from India,” a source told the newspaper. “Time and again, Shashank has targeted BCCI for his own personal agenda,” say board members.
The BCCI members are confident that the Shashank Manohar-led ICC's failure to provide the BCCI with the minutes will help their case and hence no deductions from the revenue would be made.
“It’s become fashionable to blame BCCI,” said a board member. “Biting the hand that feeds, eh? Is that what it has come down to? A sports body that has economic value primarily because it feeds on India’s commercial stake in the game is telling India that it cannot host a World Cup? And that too with an Indian heading that organisation right now? What a joke,” a senior BCCI member further said on the subject.
It is reported that while the BCCI was headed by former president N Srinivasan, at no point of time had the Chennai-based administrator promised the ICC to compensate them for tax deductions should they fail to receive a waiver from the government.
https://www.timesnownews.com/sports...ensation-or-lose-2023-world-cup-rights/335065
The Board of Control for Cricket in India has been involved in some legal battles of late. While the board recently received a boost as the International Cricket Council asked the Pakistan Cricket Board to pay 60% of BCCI's legal fees, they have now-now been asked by the ICC to either pay USD 23 million (Rs 161 crore) by the end of this year as compensation for the tax deductions incurred in hosting the 2016 World T20 or end up losing the 2023 World Cup rights.
In the ICC board meeting, held in Singapore in October, the minutes of the meeting read that the BCCI would have to compensate for the tax deductions that the ICC faced as India hosted the 2016 World T20, after no exemption in taxes was given by either the state or the central government. The ICC has also threatened the Indian board that a failure to comply with the demands would make them deduct the amount from the revenue share for the ongoing financial year.
India is supposed to host the 2021 Champions Trophy and the 2023 World Cup, which again would come under jeopardy if BCCI fails to meet ICC's demands. As per a report in TOI, the BCCI has now asked the ICC to share the minutes of the meeting where they had promised to get them a tax waiver. The minutes, however, haven't been shared by the international body as yet.
“The ICC is shying away from sharing any minutes because they don’t have any. They just want to recover that money from India,” a source told the newspaper. “Time and again, Shashank has targeted BCCI for his own personal agenda,” say board members.
The BCCI members are confident that the Shashank Manohar-led ICC's failure to provide the BCCI with the minutes will help their case and hence no deductions from the revenue would be made.
“It’s become fashionable to blame BCCI,” said a board member. “Biting the hand that feeds, eh? Is that what it has come down to? A sports body that has economic value primarily because it feeds on India’s commercial stake in the game is telling India that it cannot host a World Cup? And that too with an Indian heading that organisation right now? What a joke,” a senior BCCI member further said on the subject.
It is reported that while the BCCI was headed by former president N Srinivasan, at no point of time had the Chennai-based administrator promised the ICC to compensate them for tax deductions should they fail to receive a waiver from the government.
https://www.timesnownews.com/sports...ensation-or-lose-2023-world-cup-rights/335065
Robinhood Pandey
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why 60% ask them to pay 100%.
chhodne ka naiii re baba !!!
chhodne ka naiii re baba !!!
Nilgiri
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We always go easy on them haha. Those MFN -bhai bhai feelz.
Proudpakistaniguy
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Yes poor India need our money because they cannot afford cost of lawyers
kon hai asli bekar?
Robinhood Pandey
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We will use that money to support our operations in Balochistan
Operation not going too well gangu bhai.
Proudpakistaniguy
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How many Kulbushan you want in Pakistani jails?We will use that money to support our operations in Balochistan
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