https://www.taxtmi.com/caselaws?id=335218 Licence fee paid for the right to use an associated company's goodwill and name was treated as deductible under section 37(1) where the arrangement was documented, commercially structured, and necessary to carry on the profession; allegations of tax avoidance failed absent legal prohibition or material showing of sham. The commentary also notes that disallowance of secretarial, accounting and other support services payment was not sustained because the lower appellate finding was based on an incorrect view of the partnership deed and no infirmity in the factual conclusion was shown. Entertainment expense relating to a celebration was likewise allowed, with no material error established in the appellate allowance. en-us Tue, 06 Sep 2016 00:00:00 +0530 Mon, 28 Nov 2016 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335218 Licence fee paid for the right to use an associated company's goodwill and name was treated as deductible under section 37(1) where the arrangement was documented, commercially structured, and necessary to carry on the profession; allegations of tax avoidance failed absent legal prohibition or material showing of sham. The commentary also notes that disallowance of secretarial, accounting and other support services payment was not sustained because the lower appellate finding was based on an incorrect view of the partnership deed and no infirmity in the factual conclusion was shown. Entertainment expense relating to a celebration was likewise allowed, with no material error established in the appellate allowance. Case-Laws Income Tax Tue, 06 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335218