https://www.taxtmi.com/caselaws?id=350971 The Income Tax Appellate Tribunal (ITAT) partially allowed the appeal by remitting the professional fees issue back to the Assessing Officer for further examination, overturning the disallowance of stamp duty and registration charges, and allowing the interest on delayed payments as a business expenditure. The ITAT found that the professional fees included various works not related to enduring benefit, such as attending court matters, and should be examined further. Additionally, the ITAT considered the stamp duty and registration charges as part of the stock-in-trade, thus allowing the expenses, and deemed the interest on delayed payments as related to the business conducted by the assessee. en-us Tue, 10 Oct 2017 00:00:00 +0530 Thu, 16 Nov 2017 09:38:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350971 The Income Tax Appellate Tribunal (ITAT) partially allowed the appeal by remitting the professional fees issue back to the Assessing Officer for further examination, overturning the disallowance of stamp duty and registration charges, and allowing the interest on delayed payments as a business expenditure. The ITAT found that the professional fees included various works not related to enduring benefit, such as attending court matters, and should be examined further. Additionally, the ITAT considered the stamp duty and registration charges as part of the stock-in-trade, thus allowing the expenses, and deemed the interest on delayed payments as related to the business conducted by the assessee. Case-Laws Income Tax Tue, 10 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350971