[aaykarbhavan] SC admits SLP to decide whether legal exp. made by a dealer to get interest-free deposit from tenant was business exp.

SC admits SLP to decide whether legal exp. made by a dealer to get interest-free deposit from tenant was business exp.

December 8, 2014[2014] 51 taxmann.com 381 (SC)

IT: SLP granted against order of High Court where it was held that licence fee paid by assessee to group resource company providing centralized resources to all group companies for availing valuable benefits, was allowable as business expenditure

IT: SLP granted against High Court order where legal expenditure claimed by assessee-property dealer was allowed on finding that it was only because of initiation of legal action, interest-free deposits could be collected from tenants, which in turn had benefited assessee's business

 

Regards

Prarthana Jalan

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Posted by: Prarthana Jalan <prarthanajalan@ymail.com>

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