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2014 (1) TMI 1594 - HC - Income TaxConsultancy charges - Genuineness - Held that:- Any assessee would not claim such bogus expenditure, when it is eligible for 100% deduction under section 80IA of the Act - On the basis of other material on record, the services rendered by N.M. Consultants were not found doubtful, doubt was only with regard to the quantum of service - The payment was through the channel of bank and tax also was deducted at source and N.M. Consultants is not found to be related to the respondent assessee - The Tribunal was justified in allowing claim of expenditure - Decided against Revenue.
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