https://www.taxtmi.com/caselaws?id=793690 Recurring franchise-related expenditure was treated as revenue where it only enabled participation in the league for the relevant year and did not create an enduring asset or transferable advantage. Airfare, travelling, vehicle, food, nutrition, boarding and lodging, club membership and subscription costs were regarded as business-linked and allowable under section 37(1) because the revenue did not disprove business nexus. Website development expenses were also treated as revenue, as they facilitated operations rather than creating a separate capital asset. Employee staff expenses and bonus payable were not disallowed, since the salary was booked on mercantile basis and the bonus was paid within the statutory time limit. en-us Tue, 05 May 2026 00:00:00 +0530 Mon, 22 Jun 2026 08:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793690 Recurring franchise-related expenditure was treated as revenue where it only enabled participation in the league for the relevant year and did not create an enduring asset or transferable advantage. Airfare, travelling, vehicle, food, nutrition, boarding and lodging, club membership and subscription costs were regarded as business-linked and allowable under section 37(1) because the revenue did not disprove business nexus. Website development expenses were also treated as revenue, as they facilitated operations rather than creating a separate capital asset. Employee staff expenses and bonus payable were not disallowed, since the salary was booked on mercantile basis and the bonus was paid within the statutory time limit. Case-Laws Income Tax Tue, 05 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793690