Section 37 Allows Expenditure for Third-Party Services Boosting Investment in India, Leading to Higher Advisory Fees.

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Full Text of the Document

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....Expenditure allowable u/s 37 - efforts and services rendered by a third person - The efforts had benefited in the form of increased investment in India resulting in increase in the advisory fee being paid to the assessee - justified in making payment to expand and increase their business and income being an expenditure wholly and exclusively for the purpose....