assessee company had entered into an IPL Franchise
Agreement with BCCI-IPL on 4th April, 2008 for Franchise rights of IPL
Page ... consideration which was paid by
the assessee for owning the IPL team and not as a fee for playing the
IPL matches vested an enduring
M/S. Orissa Cricket Association, ... vs Acit, Circle-2(1), Cuttack on 26 December, 2017
representation given
by BCCI under clause 9.1(c)(i) of its IPL Media Rights agreement entered into
with the broadcasters of Indian Premier League ... IPL"), that "it shall not
organize, sanction, recognize, or support during the Rights period another
professional domestic Indian T20 competition that is competitive
distribution of complimentary tickets,/passes
during several matches conducted by BCCI ant IPL etc, i) number of envelops
with such passes for matches held till ... commercial venture namely the Indian Premier League,
popularly known as the "IPL" all across India including Delhi. As is
well known, auction
paid to BCCI
for Rights to participate in the Indian Premier League (IPL) as revenue
expenditure instead of capital expenditure ... paid to BCCI
for Rights to participate in the Indian Premier League (IPL) in the lights
of amendment to section 55(2)(a) inserting
fees of Rs.1,22,54,729/- paid to India Piston Limited (IPL).
3.1 The Commissioner of Income tax (Appeals) ought to have appreciated that ... above service fee was paid to the IPL, the promoter of the appellant company
towards promoting and marketing of appellant's products. IPL guide
significant items of income and
expenditure are recognized to a particular IPL tournament and
therefore CIT(A) erred in deleting the disallowance of expenses ... without appreciating that there was no
corresponding Revenue from IPL tournament during the year."
2. The appellant craves to add, to amend
Jaipur Ipl Cricket P.Ltd, Mumbai vs Asst Cit Cen Cir 13, Mumbai on 20 October, 2017
IN THE INCOME TAX APPELLATE TRIBUNAL ... 1114 & 1113/M/2016
M/s Jaipur IPL Cricket Private DCIT CC-2(3),
Limited 906, Windfall, Sahar Mumbai.
Plaza Complex, Andheri (E),
Mumbai
behalf of Star
India Private Ltd. for grant of sponsorship rights for IPL Season -2. On being
asked to explain, assessee contended that in terms ... sponsorship association with Kolkota Knight Riders team for calendar year
2009 (IPL Season 2); and, (b) other accompanying sponsorship rights
technical consultancy fee
payable at 5% of the turnover to the IPL. It is also not in dispute as per
agreement with IPL that there ... stipulation in the agreement
between the assessee and IPL about payment of such amount and it is
also not in dispute that such type
