Mr. John Buchanan provided coaching services to assessee team, viz. Kolkata Knight Riders in IPL Season-1. Revenue failed to place on record any irrefutable documentary evidence to conclude that no coaching services were provided by Mr. John Buchanan to assesse’s cricket team for IPL Season-1. Accordingly the claim of assessee as regards expenditure incurred in respect of coaching fees paid to Mr. John Buchanan for IPL Season-1 was found to be in order. (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–Coaching services–Held to be allowable as business expenditure.