Disallowance on Professional/Technical Fee to GEL: Delhi HC allows Deduction under the Income Tax Act [Read Order]

Disallowance - Professional fee - technical Fee - GEL - Disallowance on Professional technical Fee to GEL - Delhi HC - taxscan

The Delhi High Court allowed a deduction under the Income Tax Act, 1961 on Professional /technical Fees to Gherzi Eastern Ltd (GEL). M/S Asian Hotels Ltd, the petitioner challenged the order dated 28.04.2006 passed by the Income Tax Appellate Tribunal [ “Tribunal”] in ITA No.5489/Del/97.  The fees paid to Gherzi Eastern Ltd [“GEL”] was Rs.44,00,000/-,…

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