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Income Tax - Highlights / Catch Notes

Home Highlights June 2017 Year 2017 This

When the assessee incurred expenses towards consultancy charges ...


Court Rules Consultancy Charges for Investments Are Not Capital Expenditure, Allowable u/s 37 of Income Tax Act.

June 15, 2017

Case Laws     Income Tax     HC

When the assessee incurred expenses towards consultancy charges in order to make investment, the Assessing Officer was not justified in treating and considering the expenses incurred towards consultancy charges as capital expenditure, disallowable u/s 37 - HC

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