https://www.taxtmi.com/caselaws?id=251177 The Tribunal upheld the decision of the CIT(A) to disallow the compensation paid to Mr. Mahesh Bhupathi as an expenditure for the project 'Nitesh Long Island' (NLI). It was determined that the payment of Rs. 8.5 crores had no nexus with the project, as the properties involved were at different locations and times, with no evidence of initial identification by ITC or a condition imposed by SRLPL. The Tribunal dismissed the Assessee's appeals, affirming that the compensation was not a legitimate project cost. en-us Thu, 28 Aug 2014 00:00:00 +0530 Sat, 06 Sep 2014 08:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251177 The Tribunal upheld the decision of the CIT(A) to disallow the compensation paid to Mr. Mahesh Bhupathi as an expenditure for the project 'Nitesh Long Island' (NLI). It was determined that the payment of Rs. 8.5 crores had no nexus with the project, as the properties involved were at different locations and times, with no evidence of initial identification by ITC or a condition imposed by SRLPL. The Tribunal dismissed the Assessee's appeals, affirming that the compensation was not a legitimate project cost. Case-Laws Income Tax Thu, 28 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251177