Held that professional fees paid to hold it excessive or unreasonable and not legitimate the burden is on revenue. The Assessing Officer cannot contend that the expenditure is not required at all. (AY.2008-09, 2010-11)
ACIT v. Lifestyle International (P.) Ltd. (2021) 88 ITR 79 (Bang.) (Trib.)
S. 40A(2) : Expenses or payments not deductible-Excessive or unreasonable-Professional fees-Onus shift on revenue to show expenses excessive and not legitimate-Assessing Officer cannot contend that the expenditure is not required at all. [S. 37(1)]