https://www.taxtmi.com/caselaws?id=469590 A recurring annual franchise fee paid only for the right to exploit the franchise for the relevant year, without any permanent or proprietary interest, is revenue expenditure deductible under section 37(1) and not a capital outlay. Travelling expenses for players' family members were not allowable as business expenditure because the assessee did not establish that they were incurred wholly and exclusively for business purposes. A 10% ad hoc disallowance of hospitality expenses was not justified where the claimant was a corporate assessee and no material showed any personal element; such estimated disallowance was deleted. en-us Wed, 19 Feb 2020 00:00:00 +0530 Tue, 23 Jun 2026 19:00:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469590 A recurring annual franchise fee paid only for the right to exploit the franchise for the relevant year, without any permanent or proprietary interest, is revenue expenditure deductible under section 37(1) and not a capital outlay. Travelling expenses for players' family members were not allowable as business expenditure because the assessee did not establish that they were incurred wholly and exclusively for business purposes. A 10% ad hoc disallowance of hospitality expenses was not justified where the claimant was a corporate assessee and no material showed any personal element; such estimated disallowance was deleted. Case-Laws Income Tax Wed, 19 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469590