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Any Statutory Fee Paid to obtain a License to do Business is ‘Business Expenditure’: Karnataka HC allows Deduction of ‘Privilege Fee’
Allowing deduction of amount paid towards “privilege fee”, the division bench of the Karnataka High Court held that any expense on obtaining a license...
![‘Privilege Fee’ is allowable as Expenditure u/s 37 of Income Tax Act: ITAT Hyderabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "‘Privilege Fee’ is allowable as Expenditure u/s 37 of Income Tax Act: ITAT Hyderabad [Read Order]")