Legal Fees for Pre-Bidding Expenses Not Matched with Revenue; Matching Principle Deemed Inapplicable.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Disallowance of legal & professional fee - pre-bidding expenses - The assessee after participating in the bidding, if the bid is successful, it allotted the work to the subsidiaries and receives fee from the subsidiaries - the matching principles have no application - AT....