https://www.taxtmi.com/caselaws?id=241279 The Tribunal classified the retainership fees as "Professional Income" rather than "Salary," overturning the Assessing Officer's decision. The Tribunal directed a re-examination of the expenses claimed against this income to ensure their eligibility under the IT Act. The appeal was allowed for statistical purposes, instructing the AO to verify the expenses in line with the new classification. en-us Fri, 23 Aug 2013 00:00:00 +0530 Fri, 20 Dec 2013 06:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241279 The Tribunal classified the retainership fees as "Professional Income" rather than "Salary," overturning the Assessing Officer's decision. The Tribunal directed a re-examination of the expenses claimed against this income to ensure their eligibility under the IT Act. The appeal was allowed for statistical purposes, instructing the AO to verify the expenses in line with the new classification. Case-Laws Income Tax Fri, 23 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241279