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of <h1>Bombay HC upholds Tribunal decision on consultancy charges as revenue expenditure boosting profitability.</h1> <h3>Commissioner of Income Tax Versus Tata SSL Ltd.</h3> The Bombay HC upheld the Tribunal's decision, dismissing the appeal on consultancy charges paid by the assessee to M/s. Renoir Consultancy as revenue ... - The Bombay High Court dismissed the appeal regarding consultancy charges paid by the assessee to M/s. Renoir Consultancy as a revenue expenditure. The Tribunal's decision was upheld based on the finding that the expenditure led to improved profitability of the company.
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