Disallowing expenditure on account of contribution to cricket ...

Cricket Academy Contributions Allowed as Revenue Expenditure, Not Capital, Due to Direct Business Interest.

October 23, 2018

Case Laws Income Tax AT

Disallowing expenditure on account of contribution to cricket academy by holding it as capital expenditure - nature of expenditure - it is clear that the terms of contract, the expenditure are directly related to business interest of the assessee. - Allowed as revenue expenditure.

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Disallowing expenditure on account of contribution to cricket ...

Cricket Academy Contributions Allowed as Revenue Expenditure, Not Capital, Due to Direct Business Interest.

October 23, 2018

Case Laws Income Tax AT

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