High Court allows professional fees & interest as deductions for BPO project, waived right to argue on disallowed expenses

The High Court of Bombay allowed the professional fees and interest for a BPO project as deductions for the assessment year 2003-04, considering them as work in progress for future allowance. The respondent waived their right to argue on substantial questions of law related to disallowing certain expenses.

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The High Court of Bombay heard a case regarding the allowance of professional fees and interest for a BPO project as deductions for the assessment year 2003-04. The court considered substantial questions of law related to disallowing certain expenses and treating them as work in progress for future allowance. The respondent waived their right to argue.

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