https://www.taxtmi.com/caselaws?id=208532 The HC held that expenditure on consultation charges for restructuring and viability studies qualifies as business expenditure under section 37 of the Act. Since the company incurred costs on legal, financial, and industrial consultations aimed at earning income, such expenses fall within the business purview. The court ruled in favor of the assessee, allowing the deduction of these expenses. en-us Thu, 14 Jan 2010 00:00:00 +0530 Thu, 24 Jul 2025 10:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208532 The HC held that expenditure on consultation charges for restructuring and viability studies qualifies as business expenditure under section 37 of the Act. Since the company incurred costs on legal, financial, and industrial consultations aimed at earning income, such expenses fall within the business purview. The court ruled in favor of the assessee, allowing the deduction of these expenses. Case-Laws Income Tax Thu, 14 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208532