The Income Tax Appellate Tribunal (ITAT) of Ahmedabad held that General Deduction allowable on Legal and Professional Fees incurred for the improvement of day to day working of Company. During the course of assessment proceedings, the AO observed that the appellant has incurred an amount of Rs. 6,00,00,000/- on account of legal and professional fees […]
The post ITAT allows Deduction on Legal and Professional Fees incurred to improve day to day working of Company [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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