https://www.taxtmi.com/caselaws?id=13617 The Income-tax Appellate Tribunal upheld the deduction of consultancy/service charges claimed by the assessee for work undertaken by another company for the assessment year 1996-97. The Tribunal found that the expenses were allowable as they were incurred for business purposes and there was evidence of work execution by the other company. The Tribunal dismissed the Revenue's appeal, stating that there was no substantial question of law arising from the matter, as the concurrent factual findings by the lower authorities supported the assessee's claim for deduction under the mercantile system of accounting. en-us Wed, 19 Apr 2006 00:00:00 +0530 Sat, 30 May 2009 16:42:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13617 The Income-tax Appellate Tribunal upheld the deduction of consultancy/service charges claimed by the assessee for work undertaken by another company for the assessment year 1996-97. The Tribunal found that the expenses were allowable as they were incurred for business purposes and there was evidence of work execution by the other company. The Tribunal dismissed the Revenue's appeal, stating that there was no substantial question of law arising from the matter, as the concurrent factual findings by the lower authorities supported the assessee's claim for deduction under the mercantile system of accounting. Case-Laws Income Tax Wed, 19 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13617