https://www.taxtmi.com/forum/issue?id=119235 Consultancy fees paid as a success fee for sourcing a strategic investor are contested as revenue deductions; auditors and a tribunal applying the Brooke Bond principle treat expenses incurred to increase share capital as capital in nature. Accordingly, fees paid to identify investors are regarded as capital raising costs and are not allowable as revenue deductions, despite invoice coding and withholding under professional fees. en-us Sun, 28 Jul 2024 12:10:53 +0530 Fri, 24 Jan 2025 10:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119235 Consultancy fees paid as a success fee for sourcing a strategic investor are contested as revenue deductions; auditors and a tribunal applying the Brooke Bond principle treat expenses incurred to increase share capital as capital in nature. Accordingly, fees paid to identify investors are regarded as capital raising costs and are not allowable as revenue deductions, despite invoice coding and withholding under professional fees. Discussion-Forum Income Tax Sun, 28 Jul 2024 12:10:53 +0530 https://www.taxtmi.com/forum/issue?id=119235