https://www.taxtmi.com/caselaws?id=194819 Professional fees paid to an income-tax adviser for representing the assessee in assessment proceedings were treated as deductible business expenditure under section 10(2)(xv). The court applied the broader test of commercial expediency, holding that expenditure need not directly earn profits if it is incurred to facilitate the carrying on of the business. Fees incurred to secure a reasonable and legitimate assessment were regarded as connected with the business as a continuing commercial undertaking, because tax liability must be ascertained before profits can be effectively applied or carried forward. The deduction was therefore allowed in favour of the assessee. en-us Mon, 01 Oct 1962 00:00:00 +0530 Thu, 28 Sep 2017 18:31:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194819 Professional fees paid to an income-tax adviser for representing the assessee in assessment proceedings were treated as deductible business expenditure under section 10(2)(xv). The court applied the broader test of commercial expediency, holding that expenditure need not directly earn profits if it is incurred to facilitate the carrying on of the business. Fees incurred to secure a reasonable and legitimate assessment were regarded as connected with the business as a continuing commercial undertaking, because tax liability must be ascertained before profits can be effectively applied or carried forward. The deduction was therefore allowed in favour of the assessee. Case-Laws Income Tax Mon, 01 Oct 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194819