https://www.taxtmi.com/caselaws?id=469557 Franchise fees incurred to secure the right to participate in the Indian Premier League were the subject of a substantial question on whether the expenditure was revenue in nature. The Bombay High Court admitted the appeal on that issue arising from the agreement dated 10 April 2008, indicating that the characterisation of the franchise payment was the operative legal question for determination. en-us Mon, 18 Nov 2019 00:00:00 +0530 Mon, 22 Jun 2026 16:57:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469557 Franchise fees incurred to secure the right to participate in the Indian Premier League were the subject of a substantial question on whether the expenditure was revenue in nature. The Bombay High Court admitted the appeal on that issue arising from the agreement dated 10 April 2008, indicating that the characterisation of the franchise payment was the operative legal question for determination. Case-Laws Income Tax Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469557