Disallowance of 20% of Legal & Professional Fees paid - ...

Authorities Disallow 20% of Legal Fees Without Justification; Payments to Related Party Remain Unexamined.

May 2, 2018

Case Laws Income Tax AT

Disallowance of 20% of Legal & Professional Fees paid - authorities have not identified, if the payments made to related party is unreasonable - Legal & Professional Fees is only 2.02% of the sales. No justification in partial disallowance of Legal and Professional Expenses - AT

View Source

← Previous Next →

Disallowance of 20% of Legal & Professional Fees paid - ...

Authorities Disallow 20% of Legal Fees Without Justification; Payments to Related Party Remain Unexamined.

May 2, 2018

Case Laws Income Tax AT

You may also like:

CIRP - discrimination of Related Party Financial or Operational Creditor - IBC treats related parties as a separate category for specified purposes, excluding from the...

The Appellant, a related party unsecured financial creditor, challenged the resolution plan approved by the Committee of Creditors (CoC) and the Adjudicating Authority,...

A recent circular addressed the taxability of loans between related parties or affiliates. The circular clarifies that providing loans between related parties...

This case deals with the valuation of imported goods, specifically whether license fees and management fees paid to related parties should be included in the assessable...

TDS disallowance u/s 40(a)(i) for non-deduction on overseas payments towards patent fees, reimbursement of official fees and professional fees, treating such payments as...

Imports of Maize (feed grade) under the TRQ Scheme for 2019-20

Imports of Maize (feed grade) under the TRQ Scheme for 2019-20

Imports of Maize (feed grade) under the TRQ Scheme for 2019-20.

CIRP proceedings - Financial Creditors - Related party - while the default rule under the first proviso to Section 21(2) is that only those financial creditors that are...

The Appellate Authority for Advance Ruling in Haryana dismissed an appeal due to non-payment of the required fee for filing. The appeal was against the order of the...

Import of services - reverse charge - payment of arrangement fees, underwriting fees, agency fees and legal fees as also out of pocket expenses - demand of service tax...

Disallowance to the extent of 20% of the expenditure relating it to period prior to the setting of PO in India - when it is not possible to verify if the expenditure...

Dishonour of Cheque - legal heir of deceased - substitution of the opposite party (deceased complainant) - It is the case of the petitioner that the opposite party is...

Addition of interest on interest free loans advanced by assessee Company to sister concerns/related parties disallowed. Onus on assessee to prove commercial expediency...

The court quashed orders related to audit and intimation liability issued against the petitioner company u/s 65 of the CGST Act for financial years 2018-19 and 2019-20....

Quick Updates: