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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Nature of payments made by assessee franchise to BCCI towards ...


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

December 25, 2015

Case Laws     Income Tax     AT

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

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