https://www.taxtmi.com/caselaws?id=395615 The appeal contested the disallowance of professional fees paid to M/s. Sharan & Co. for the AY 2011-12. The CIT(A) upheld the disallowance but did not restrict the amount to the difference paid to another entity. The appellant argued for the restriction. The CIT(A) did not address the allowability of professional fees as capital expenditure. The Tribunal dismissed the appeal, emphasizing commercial expediency and allowing the expenditure as revenue expenditure related to trading operations. en-us Thu, 12 Mar 2020 00:00:00 +0530 Sat, 30 May 2020 12:50:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395615 The appeal contested the disallowance of professional fees paid to M/s. Sharan & Co. for the AY 2011-12. The CIT(A) upheld the disallowance but did not restrict the amount to the difference paid to another entity. The appellant argued for the restriction. The CIT(A) did not address the allowability of professional fees as capital expenditure. The Tribunal dismissed the appeal, emphasizing commercial expediency and allowing the expenditure as revenue expenditure related to trading operations. Case-Laws Income Tax Thu, 12 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395615