Consultancy and Legal Fees Disallowed in Merger: Expenses Upheld as Taxable Due to Insufficient Contest by Assessee.

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....Nature of expenses - Disallowance on account of expenditure on consultancy and legal fees - - purpose for which the expenditure was incurred is specific and the claim of expenditure against Tax Consultancy under the column “Transaction Text” of ledger of Transactions, the term “Preparation of Amalgamation of MRPL with MIP” and “Lawyer fees for Merger” respectively mentioned, were not successfully rebutted by the assessee before us also. - Additions confirmed - AT....