https://www.taxtmi.com/caselaws?id=758819 Kerala HC upheld disallowance of professional consultancy charges as capital expenditure of enduring nature, following SC precedents. Court rejected distinction between direct and indirect IPO expenses, ruling that indirect IPO costs cannot be deducted under Section 37 when direct costs already claimed under Section 35D. PF/ESI contribution disallowance before due date upheld per existing precedent. Prior period expenses claim became moot after Tribunal remand resulted in assessing authority allowing the claim. en-us Thu, 05 Sep 2024 00:00:00 +0530 Wed, 18 Sep 2024 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758819 Kerala HC upheld disallowance of professional consultancy charges as capital expenditure of enduring nature, following SC precedents. Court rejected distinction between direct and indirect IPO expenses, ruling that indirect IPO costs cannot be deducted under Section 37 when direct costs already claimed under Section 35D. PF/ESI contribution disallowance before due date upheld per existing precedent. Prior period expenses claim became moot after Tribunal remand resulted in assessing authority allowing the claim. Case-Laws Income Tax Thu, 05 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758819