https://www.taxtmi.com/caselaws?id=188392 Fees paid to an income-tax consultant for preparing statements, dealing with revenue authorities and settling concealed income and tax liability were held not to be expenditure laid out wholly and exclusively for business under section 10(2)(xv) of the Indian Income-tax Act, 1922. Expenses directed to ascertainment or discharge of tax liability, or incurred to reduce the consequences of concealment and avoid penal exposure, were treated as relating to tax compliance rather than the carrying on of trade. The court therefore held that the consultant's fee was not deductible, and the issue was decided against the assessee. en-us Mon, 25 Sep 1961 00:00:00 +0530 Tue, 29 Nov 2016 14:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188392 Fees paid to an income-tax consultant for preparing statements, dealing with revenue authorities and settling concealed income and tax liability were held not to be expenditure laid out wholly and exclusively for business under section 10(2)(xv) of the Indian Income-tax Act, 1922. Expenses directed to ascertainment or discharge of tax liability, or incurred to reduce the consequences of concealment and avoid penal exposure, were treated as relating to tax compliance rather than the carrying on of trade. The court therefore held that the consultant's fee was not deductible, and the issue was decided against the assessee. Case-Laws Income Tax Mon, 25 Sep 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188392