Case Law Details
Case Name : Sahara India Financial Corporation Limited Vs. DIT (Delhi High Court)
Related Assessment Year :
Courts :
All High Courts Delhi High Court
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Facts
1. Sahara India Financial Corporation Ltd. (tax payer) had entered into an agreement with IMG Canada, a foreign company through IMC India for sponsorship of the international cricket tournament between India and Pakistan to be played in Canada.
2. The sponsorship benefits inter-alia included:
the right of renaming of the tournament as “Sahara Cup”;
incorporation of the Sahara logo as the official logo of the tournament; and
“Sahara” logo to be prominently displayed at both ends of the cricket ground, stumps, score boards and clothing of the players.
3. The tax payer made a lump...
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