https://www.taxtmi.com/caselaws?id=191251 The Tribunal dismissed the Revenue's appeal, upholding the deduction of legal fees paid to a London firm and the premium for professional indemnity insurance. It found the legal fee payment was genuine for software protection, allowing it under Section 37(1) of the Income-tax Act. The Tribunal accepted the payment method and the director's payment from personal funds. Regarding the insurance premium, it deemed the payment legitimate as part of the legal fees to prevent software misuse, despite the legal firm's obligation under UK law. The Tribunal affirmed both deductions, finding no grounds to overturn the lower authority's decision. en-us Thu, 11 Aug 2016 00:00:00 +0530 Mon, 27 Mar 2017 07:43:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191251 The Tribunal dismissed the Revenue's appeal, upholding the deduction of legal fees paid to a London firm and the premium for professional indemnity insurance. It found the legal fee payment was genuine for software protection, allowing it under Section 37(1) of the Income-tax Act. The Tribunal accepted the payment method and the director's payment from personal funds. Regarding the insurance premium, it deemed the payment legitimate as part of the legal fees to prevent software misuse, despite the legal firm's obligation under UK law. The Tribunal affirmed both deductions, finding no grounds to overturn the lower authority's decision. Case-Laws Income Tax Thu, 11 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191251