https://www.taxtmi.com/caselaws?id=378265 The High Court dismissed the appeal, upholding the findings of the CIT(A) and the Tribunal. The court found the consultancy fee paid to Lok Foundation was legitimate and directly related to increasing advisory fees earned by the respondent-assessee. The court rejected claims of tax evasion, noting tax deductions made and criticized the AO for not referring the matter to the TPO for arm's length determination. The appeal was dismissed, with the court finding no merit in the Revenue's arguments and affirming the lower authorities' findings. en-us Wed, 12 Dec 2018 00:00:00 +0530 Thu, 11 Apr 2019 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378265 The High Court dismissed the appeal, upholding the findings of the CIT(A) and the Tribunal. The court found the consultancy fee paid to Lok Foundation was legitimate and directly related to increasing advisory fees earned by the respondent-assessee. The court rejected claims of tax evasion, noting tax deductions made and criticized the AO for not referring the matter to the TPO for arm's length determination. The appeal was dismissed, with the court finding no merit in the Revenue's arguments and affirming the lower authorities' findings. Case-Laws Income Tax Wed, 12 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378265