https://www.taxtmi.com/caselaws?id=469559 Recurring annual franchise fees paid only for the right to participate in the IPL were treated as revenue expenditure because no permanent or enduring proprietary asset was acquired and the payment was linked to yearly participation. Ad hoc disallowance of hospitality expenses was held unsustainable where no personal element or specific non-business use was established and the claim had been accepted in earlier years. Travelling expenses for accompanying family members of players were disallowed because no contractual obligation or demonstrable business nexus was shown, and the expenditure was not proved to be wholly and exclusively for business. en-us Fri, 06 Mar 2020 00:00:00 +0530 Mon, 22 Jun 2026 18:43:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469559 Recurring annual franchise fees paid only for the right to participate in the IPL were treated as revenue expenditure because no permanent or enduring proprietary asset was acquired and the payment was linked to yearly participation. Ad hoc disallowance of hospitality expenses was held unsustainable where no personal element or specific non-business use was established and the claim had been accepted in earlier years. Travelling expenses for accompanying family members of players were disallowed because no contractual obligation or demonstrable business nexus was shown, and the expenditure was not proved to be wholly and exclusively for business. Case-Laws Income Tax Fri, 06 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469559