https://www.taxtmi.com/caselaws?id=298146 The Tribunal partially allowed the assessee's appeal, recognizing legal expenses as deductible for safeguarding business interests. However, professional fees were disallowed under section 40(a)(ia) due to non-deposit of tax deducted at source before the return filing deadline. The decision was rendered on 28/09/2017, concluding that the disallowance of expenses due to no business activity was unjustified, and legal and professional fees were allowable deductions under sections 37(1) and 57 of the Income Tax Act. en-us Tue, 03 Oct 2017 00:00:00 +0530 Thu, 14 Oct 2021 09:13:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298146 The Tribunal partially allowed the assessee's appeal, recognizing legal expenses as deductible for safeguarding business interests. However, professional fees were disallowed under section 40(a)(ia) due to non-deposit of tax deducted at source before the return filing deadline. The decision was rendered on 28/09/2017, concluding that the disallowance of expenses due to no business activity was unjustified, and legal and professional fees were allowable deductions under sections 37(1) and 57 of the Income Tax Act. Case-Laws Income Tax Tue, 03 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298146