Payment to Legal and Tax Consultants are Revenue Expenditure: ITAT sets aside Disallowance [Read Order]

Payment - Legal - Tax Consultant - Revenue Expenditure - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), New Delhi Bench sets aside disallowance as payment to legal and tax consultants are revenue expenditure. The assessee company, M/s. Instel Services Pvt Ltd is engaged in the business of sale, distribution and trading of various telecommunication products including mobile handsets, data cards and Smart phones on a whole-sale…

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