https://www.taxtmi.com/caselaws?id=391530 The Gujarat High Court addressed the disallowance of expenses under Section 14A of the Income Tax Act, 1961, and the disallowance of Capital Expenditure. The Court reframed the question on administrative expenses under Section 14A and upheld the Tribunal's decision on the treatment of professional fees as revenue expenditure, dismissing the appeal on Capital Expenditure disallowance. The judgment emphasized the importance of legal assistance for the assessee's business and highlighted the detailed analysis supporting the Tribunal's findings. en-us Mon, 20 Jan 2020 00:00:00 +0530 Fri, 31 Jan 2020 10:42:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391530 The Gujarat High Court addressed the disallowance of expenses under Section 14A of the Income Tax Act, 1961, and the disallowance of Capital Expenditure. The Court reframed the question on administrative expenses under Section 14A and upheld the Tribunal's decision on the treatment of professional fees as revenue expenditure, dismissing the appeal on Capital Expenditure disallowance. The judgment emphasized the importance of legal assistance for the assessee's business and highlighted the detailed analysis supporting the Tribunal's findings. Case-Laws Income Tax Mon, 20 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391530