https://www.taxtmi.com/caselaws?id=38039 Expenditure on organising football and hockey tournaments was treated as business expenditure because the events generated continuous newspaper publicity, enhanced the assessee's commercial visibility, and provided employee recreation and participation benefits. Applying the principle that spending incurred on grounds of commercial expediency and for facilitating the carrying on of business may still be wholly and exclusively for business purposes, the claim satisfied the statutory test under section 10(2)(xv) of the Income-tax Act, 1922. The deduction was therefore allowable in favour of the assessee. en-us Wed, 19 Apr 1978 00:00:00 +0530 Fri, 02 Apr 2010 17:00:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38039 Expenditure on organising football and hockey tournaments was treated as business expenditure because the events generated continuous newspaper publicity, enhanced the assessee's commercial visibility, and provided employee recreation and participation benefits. Applying the principle that spending incurred on grounds of commercial expediency and for facilitating the carrying on of business may still be wholly and exclusively for business purposes, the claim satisfied the statutory test under section 10(2)(xv) of the Income-tax Act, 1922. The deduction was therefore allowable in favour of the assessee. Case-Laws Income Tax Wed, 19 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38039