NewsClick Withdraws Supreme Court Plea to Seek Relief from ITAT Over Income Tax Notice

NewsClick has withdrawn its Supreme Court plea and redirected its focus to the Income Tax Appellate Tribunal to address the income tax dispute. The decision, supported by the Supreme Court justices, underscores the complexities faced by media entities in legal battles and reflects the judiciary’s commitment to timely resolutions. This shift has significant implications for press freedom and financial responsibility in India.

BCCI Seeks Supreme Court Verdict on IPL Media Rights Taxability Issue

The BCCI is seeking Supreme Court clarification on whether the sale of media rights is subject to service tax categorization as ‘franchise services’. This follows a directive from the Bombay High Court. The disputed amount totals around Rs 250 crore. The Supreme Court’s verdict will have significant implications for the taxation of media rights in Indian cricket.