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Income Tax - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Allowability of consultancy fees - financial advisory services ...


Consultancy Fees for Loan Restructuring Considered Revenue Expenditure, Not Linked to Capital Base Expansion.

July 5, 2019

Case Laws     Income Tax     HC

Allowability of consultancy fees - financial advisory services for restructuring of its loan which able to reduce the interest rate - expenditure incurred had nothing to do with the expansion of the capital base of the company - it was for restructuring of its loan and was by way of a revenue expenditure

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