Held that expenditure towards establishing a Pace Foundation for training to pace bowlers is held to be allowable as revenue expenditure. (AY. 2006-07, 2007-08)
MRF Ltd. v. Dy. CIT (2021) 280 Taxman 439 (Mad.)(HC)
S. 37(1) : Business expenditure-Manufacturer of sports products-Advertisement-Training to pace bowlers-Allowable as business expenditure.