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Champions Trophy: Tax issue to be resolved soon

Published: Friday, May 20, 2005, 23:53 [IST]
 
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New Delhi:The Champions Trophy tournament is now set to be held in India with a solution to the vexed tax issue likely to be found by the government in a day or two much ahead of the June deadline given by the International Cricket Council (ICC).

"We want the tournament to be held in India. A solution to the issue of giving tax exemption for holding the tournament is being found in a manner that is win-win for all," highly placed sources in the government said.

Board of Control for Cricket in India (BCCI) president Ranbir Singh Mahendra and his predecessor Jagmohan Dalmiya had met Prime Minister Manmohan Singh and apprised him of the situation. They are expected to meet the Finance Ministry officials to discuss the issue.

The ICC has given India a June deadline to give full exemption to the event failing which it will relocate the elite tournament to Pakistan. The event is scheduled to be held next year.

The Pakistan government has already announced that it will give full waiver to the event in case the country gets the nod to stage the prestigious cricket meet.

The government had last week said that it had asked the ICC to apply to the Authority for Advance Ruling which had the exclusive jurisdiction to take a decision on tax exemption in advance.

As per rules, ICC can not be given tax exemption as it is not being an Indian body. But a solution is being found in a manner that the rules are not violated.

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