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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Allowable deduction u/s 37(1) - expenditure incurred by the ...


Sponsorship payments to Knight Riders Sports Pvt. Ltd. by assessee allowed as deduction under IT Act Section 37(1).

March 22, 2017

Case Laws     Income Tax     AT

Allowable deduction u/s 37(1) - expenditure incurred by the assessee by way of payment to Knight Riders Sports Pvt. Ltd. for obtaining sponsorship rights in favour of Star India Pvt. Ltd. - Business nexus established - deduction allowed - AT

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