https://www.taxtmi.com/caselaws?id=367213 The appeal contested the additions on professional fees paid to a member of the AOP for Assessment Year 2012-13, totaling Rs. 46.24 Lacs. The deductibility of a leadership fee paid to another entity was also in question. The Tribunal upheld the disallowance of payments as mere profit appropriations, not genuine service expenses, citing specific provisions disallowing payments by AOP to its members. The principle of res judicata in income tax proceedings was clarified, emphasizing the independence of each assessment year. The appeal was dismissed, affirming lower authorities' decisions. en-us Fri, 10 Aug 2018 00:00:00 +0530 Fri, 14 Sep 2018 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367213 The appeal contested the additions on professional fees paid to a member of the AOP for Assessment Year 2012-13, totaling Rs. 46.24 Lacs. The deductibility of a leadership fee paid to another entity was also in question. The Tribunal upheld the disallowance of payments as mere profit appropriations, not genuine service expenses, citing specific provisions disallowing payments by AOP to its members. The principle of res judicata in income tax proceedings was clarified, emphasizing the independence of each assessment year. The appeal was dismissed, affirming lower authorities' decisions. Case-Laws Income Tax Fri, 10 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367213