Assessee paid management fees to a concern and claimed deduction of the same. The Assessing Officer disallowed the expenses as excessive and unreasonable. Tribunal deleted the addition. High Court affirmed the order of the Tribunal. SLP of the revenue was dismissed on account of delay as well as on merits. (AY. 2013-14, 2014-15)
PCIT v. Anand Divine Developers P.Ltd.[2026] 309 Taxman 334 (SC) Editorial : PCIT v. Anand Divine Developers P. Ltd. (2024) 297 Taxman 353 (Delhi)(HC)
S.37(1): Business expenditure-Management fees-Excessive-SLP of revenue dismissed on account of delay as well as on merits.[Art. 136]
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