IPL Franchise Fee for Deccan Chargers Classified as Revenue Due to Non-Permanent Rights Under BCCI Agreement.

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....Nature of payments made by assessee franchise to BCCI towards right to operate IPL franchises of 'Deccan Chargers' (DC) for a period of ten years - the franchise fee paid is revenue in nature because by making such annual payment the appellant does not acquire any rights of permanent nature - AT....