https://www.taxtmi.com/caselaws?id=375573 The Tribunal allowed the assessee's appeal regarding the expenditure on IPL cricket match tickets, deeming it a valid business expense for enhancing goodwill and business relations. The Tribunal considered the distribution of tickets akin to distributing gifts to customers, a common business practice. Additional evidence provided by the assessee, including a list of customers who received the tickets, supported their claim. The Tribunal remanded the issue to the AO for verification, ultimately ruling in favor of the assessee on the allowability of the expenditure under section 37(1) of the Income Tax Act. en-us Fri, 15 Feb 2019 00:00:00 +0530 Sat, 30 Mar 2019 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375573 The Tribunal allowed the assessee's appeal regarding the expenditure on IPL cricket match tickets, deeming it a valid business expense for enhancing goodwill and business relations. The Tribunal considered the distribution of tickets akin to distributing gifts to customers, a common business practice. Additional evidence provided by the assessee, including a list of customers who received the tickets, supported their claim. The Tribunal remanded the issue to the AO for verification, ultimately ruling in favor of the assessee on the allowability of the expenditure under section 37(1) of the Income Tax Act. Case-Laws Income Tax Fri, 15 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375573