https://www.taxtmi.com/caselaws?id=765648 Under Explanation 1 to Section 37 of the Income-tax Act, disallowance arises only where the expenditure is incurred for the commission of an offence or for a purpose prohibited by law. Payment made to secure the right to use a law firm's goodwill and name was treated as licence fee consideration, not as impermissible sharing of professional remuneration with a non-advocate. The fact that the fee was computed by reference to billing did not change its character, and no comparable statutory prohibition on consideration for goodwill was shown. en-us Fri, 31 Jan 2025 00:00:00 +0530 Thu, 06 Feb 2025 08:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765648 Under Explanation 1 to Section 37 of the Income-tax Act, disallowance arises only where the expenditure is incurred for the commission of an offence or for a purpose prohibited by law. Payment made to secure the right to use a law firm's goodwill and name was treated as licence fee consideration, not as impermissible sharing of professional remuneration with a non-advocate. The fact that the fee was computed by reference to billing did not change its character, and no comparable statutory prohibition on consideration for goodwill was shown. Case-Laws Income Tax Fri, 31 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765648