https://www.taxtmi.com/caselaws?id=18009 The court upheld the Tribunal's decision, ruling that section 80VV of the Income-tax Act applies to fees paid for preparation of statements and schedules annexed to income-tax returns. The court found that only expenditure incurred in the previous year can be allowed, and as the assessee failed to provide a breakdown of expenditure related to earlier years, the deduction was limited to Rs. 5,000. Additionally, the court held that the value of benefits derived by employees cannot substitute the assessee's expenditure under section 40A(5). Lastly, the court denied the deduction of surtax in computing total income, aligning with previous decisions. en-us Tue, 12 Mar 1996 00:00:00 +0530 Sat, 26 Sep 2009 12:05:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18009 The court upheld the Tribunal's decision, ruling that section 80VV of the Income-tax Act applies to fees paid for preparation of statements and schedules annexed to income-tax returns. The court found that only expenditure incurred in the previous year can be allowed, and as the assessee failed to provide a breakdown of expenditure related to earlier years, the deduction was limited to Rs. 5,000. Additionally, the court held that the value of benefits derived by employees cannot substitute the assessee's expenditure under section 40A(5). Lastly, the court denied the deduction of surtax in computing total income, aligning with previous decisions. Case-Laws Income Tax Tue, 12 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18009