Security charges for stadium and payment made by assessee to Kolkata Police Welfare fund as per the directions of Cricket Association Board who is responsible to arrange for security in stadium at time of staging of matches by assessee, is an allowable expenditure. ( AY.2009-10)
Knight Riders Sports P. Ltd. v. ACIT (2017) 51 CCH 591 / (2018) 193 TTJ 313 (Mum.)(Trib.)
S. 37(1) : Business expenditure -Security services for stadium—Payment of Rs. 75 lac was made by assessee to Kolkata Police Welfare fund, not by its choice, but as per directions of CAB who was responsible to arrange for security in stadium at time of staging of matches by assessee –Held to be allowable business expenditure.