https://www.taxtmi.com/caselaws?id=413442 The Tribunal allowed the appeal of the builder and developer firm, overturning the decision to disallow professional fees of Rs. 8,00,000 claimed as an expense against additional unaccounted income disclosed during a survey. The Tribunal held that the expenses were justified, as the fees were paid to a legal consultant after deducting TDS and were supported by documentary evidence. Precedents showed that similar expenses were allowed against on-money receipts in comparable business activities, leading to the conclusion that the disallowance was unwarranted. en-us Mon, 26 Jul 2021 00:00:00 +0530 Tue, 12 Oct 2021 09:28:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413442 The Tribunal allowed the appeal of the builder and developer firm, overturning the decision to disallow professional fees of Rs. 8,00,000 claimed as an expense against additional unaccounted income disclosed during a survey. The Tribunal held that the expenses were justified, as the fees were paid to a legal consultant after deducting TDS and were supported by documentary evidence. Precedents showed that similar expenses were allowed against on-money receipts in comparable business activities, leading to the conclusion that the disallowance was unwarranted. Case-Laws Income Tax Mon, 26 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413442