Held that professional fees paid for certification work, management consultancy, fees for appearance before Tax Authorities, company secretarial work are allowable as business expenditure. (AY. 2005-06)
Peninsula Land Ltd. v. DCIT (2022) 193 ITD 366 (Mum.)(Trib.)
S. 37(1) : Business expenditure-Real estate business-Expenses for certification work, management consultancy, fees for appearance before Tax Authorities and company secretarial work as professional fee-Allowable as deduction.