https://www.taxtmi.com/caselaws?id=469556 The article concerns whether franchise fees paid to secure the right to participate in the Indian Premier League should be treated as revenue expenditure. It records that the ITAT had held the expenditure to be revenue in nature, and the Bombay High Court admitted the appeal on the framed substantial question of law. The operative point is the tax characterization of the franchise-fee outlay, with the issue left for appellate determination on the stated legal question. en-us Mon, 11 Nov 2019 00:00:00 +0530 Mon, 22 Jun 2026 16:53:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469556 The article concerns whether franchise fees paid to secure the right to participate in the Indian Premier League should be treated as revenue expenditure. It records that the ITAT had held the expenditure to be revenue in nature, and the Bombay High Court admitted the appeal on the framed substantial question of law. The operative point is the tax characterization of the franchise-fee outlay, with the issue left for appellate determination on the stated legal question. Case-Laws Income Tax Mon, 11 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469556