https://www.taxtmi.com/caselaws?id=382536 The Supreme Court upheld the decision of the Income Tax Appellate Tribunal, ruling that consultancy fees paid by the Assessee for financial advisory services were considered a revenue expenditure for loan restructuring, not a capital expenditure for capital expansion. The Court found that the Assessee had sufficiently demonstrated that the fees were related to reducing interest liability on the loan, dismissing the appeal as no question of law arose in determining the nature of the expenditure. en-us Tue, 25 Jun 2019 00:00:00 +0530 Fri, 05 Jul 2019 06:42:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382536 The Supreme Court upheld the decision of the Income Tax Appellate Tribunal, ruling that consultancy fees paid by the Assessee for financial advisory services were considered a revenue expenditure for loan restructuring, not a capital expenditure for capital expansion. The Court found that the Assessee had sufficiently demonstrated that the fees were related to reducing interest liability on the loan, dismissing the appeal as no question of law arose in determining the nature of the expenditure. Case-Laws Income Tax Tue, 25 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382536