Additions on account of professional fees paid to a member of ...

Income Tax

September 17, 2018

Additions on account of professional fees paid to a member of the assessee Association of Person [AOP] - the impugned payment were mere appropriation of profits and could not be allowed as a deductible expenditure. The share of the contract receipts was predetermined and the same was nothing but the profit sharing ratio only.

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Additions on account of professional fees paid to a member of ...

Income Tax

September 17, 2018

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