Processing Fees for Purchase of Business Assets Allowable as Expenditure: ITAT [Read Order]

Processing Fees - Business Assets - Expenditure - ITAT - taxscan

The Income Tax Appellate Tribunal (ITAT), Delhi bench has held that the processing fees for purchase of business assets shall be allowable as expenditure under the provisions of the Income Tax Act, 1961. The assesse, M/s Crayons Advertising (P) Ltd. was aggrieved by the order of the Assessing Officer wherein the claim of the assesse…

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