2004 (9) TMI 53

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..... ancial and industrial matters even locally, orally or through news bulletins/information bulletins and it cannot be said to be outside the purview of the business of the company - contention of the assessee cannot be rejected merely on the reason that the very same service can be obtained from various sources easily as contended by learned counsel for the Department - The reasoning given by the Tr .....

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..... d counsel for the Department that the directors of the assessee-company as well as Southern Technical Services (P.) Ltd., were almost one and the same and the services rendered by Southern Technical Services (P.) Ltd., cannot be regarded as a consultancy service, as they have compiled various information readily available in the newspapers and journals and put it in the form of booklet, viz., "New .....

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..... which provides for the expenditure to be allowed. What is necessary to get such a benefit is whether the expenditure was laid out for the purpose of the business. Getting advice on industrial, financial and legal matters and spending on it cannot be said to be not laid out for the purpose of the business. We are of the view that there is no irregularity in the conclusion arrived at by the Tribuna .....

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