https://www.taxtmi.com/caselaws?id=210747 The Tribunal allowed the appeal, directing the AO to delete the disallowance of expenses related to prospecting activities and not to restrict the deduction of expenses based on the quantum of consultancy income. The judgment emphasized the correct application of Section 35E and the matching principle in the context of business expenses. en-us Mon, 05 Sep 2011 00:00:00 +0530 Tue, 21 Feb 2012 08:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210747 The Tribunal allowed the appeal, directing the AO to delete the disallowance of expenses related to prospecting activities and not to restrict the deduction of expenses based on the quantum of consultancy income. The judgment emphasized the correct application of Section 35E and the matching principle in the context of business expenses. Case-Laws Income Tax Mon, 05 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210747