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2019 (7) TMI 232 - HC - Income TaxAllowability of consultancy fees - financial advisory services for restructuring of its loan - capital expenditure OR revenue expenditure - Assessee was able to reduce the interest rate on its loan for the remaining period of the relevant loan agreement - HELD THAT:- In the present case, the Tribunal has come to a conclusion, as a matter of fact, that the expenditure incurred by the Assessee in payment of fees to ICICI Ltd. had nothing to do with the expansion of the capital base of the company and that the Assessee had clearly made out a case that it was for restructuring of its loan and was by way of a revenue expenditure - no question of law arises - the appeal of revenue is dismissed.
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