https://www.taxtmi.com/caselaws?id=391970 The Appellate Tribunal ITAT Bangalore dismissed the revenue's Misc. Petition seeking rectification of apparent mistakes in the order regarding the date of the agreement with Karnataka State Cricket Association. The Tribunal held that the decision was based on the payment's liability and not solely on the agreement's date. Additionally, the Tribunal upheld the disallowance and addition of an amount towards the creation of a cricket academy as capital expenditure, emphasizing the enduring benefits to the assessee company despite the agreement's post-relevance date. en-us Wed, 08 Jan 2020 00:00:00 +0530 Tue, 11 Feb 2020 07:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391970 The Appellate Tribunal ITAT Bangalore dismissed the revenue's Misc. Petition seeking rectification of apparent mistakes in the order regarding the date of the agreement with Karnataka State Cricket Association. The Tribunal held that the decision was based on the payment's liability and not solely on the agreement's date. Additionally, the Tribunal upheld the disallowance and addition of an amount towards the creation of a cricket academy as capital expenditure, emphasizing the enduring benefits to the assessee company despite the agreement's post-relevance date. Case-Laws Income Tax Wed, 08 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391970