https://www.taxtmi.com/caselaws?id=369197 The tribunal ruled in favor of the assessee, allowing the deduction of the contribution to the cricket academy and the ticketing expenses as legitimate business expenditures. The contribution to the cricket academy was considered a business expense as it secured the first right to offer player contracts, while the ticketing expenses were deemed genuine and incurred for business purposes to maintain good relations with sponsors and collaborators. The tribunal held that both expenses were directly related to the business interests of the assessee, leading to the allowance of the deductions. en-us Fri, 20 Jul 2018 00:00:00 +0530 Tue, 23 Oct 2018 06:51:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369197 The tribunal ruled in favor of the assessee, allowing the deduction of the contribution to the cricket academy and the ticketing expenses as legitimate business expenditures. The contribution to the cricket academy was considered a business expense as it secured the first right to offer player contracts, while the ticketing expenses were deemed genuine and incurred for business purposes to maintain good relations with sponsors and collaborators. The tribunal held that both expenses were directly related to the business interests of the assessee, leading to the allowance of the deductions. Case-Laws Income Tax Fri, 20 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369197