https://www.taxtmi.com/caselaws?id=71163 Consultation fees paid to a related person under section 40A(2)(b) are not excessive merely because of the relationship where technical services are actually rendered, the payment is commercially justified, and the recipient has relevant professional experience and is taxed on the receipt. Borrowed capital forms part of capital employed for computing relief under section 80J, since capital employed is not confined to owned funds. These principles support deletion of the consultation-fee disallowance and inclusion of borrowed funds in the relief computation. en-us Mon, 24 Sep 1979 00:00:00 +0530 Thu, 21 Apr 2011 16:33:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71163 Consultation fees paid to a related person under section 40A(2)(b) are not excessive merely because of the relationship where technical services are actually rendered, the payment is commercially justified, and the recipient has relevant professional experience and is taxed on the receipt. Borrowed capital forms part of capital employed for computing relief under section 80J, since capital employed is not confined to owned funds. These principles support deletion of the consultation-fee disallowance and inclusion of borrowed funds in the relief computation. Case-Laws Income Tax Mon, 24 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71163