Professional fees paid for incorporation of company purchase of share transfer stamps, consultation paid fees paid for drafting investment agreement, professional fees paid for structuring various documents, and due diligence for investment agreement are allowable as revenue expenditure. (AY. 2012-13)
IFMR Rural Channels & Services (P) Ltd. v. Dy. CIT (2021) 214 TTJ 28 (UO) (Chennai)(Trib.)
S. 37(1) : Business expenditure-Professional fees paid for incorporation of company-Web site expenses-Allowable as revenue expenditure.