Consultation Fee related to hosting of website to enhance business allowable

Addl. CIT Vs Times Internet Ltd. (ITAT Delhi)

During the year, the assessee claimed an amount of Rs.10.55 crores on account of consultancy fee, out of which an amount of Rs.98.37 lacs has been disallowed by the AO pertaining to the amount paid for legal and professional services. The AO held that since the expenses were incurred for various projects and share acquisition which shall result in enduring benefit to the assessee and hence not allowable as revenue expenditure. The ld. CIT(A) deleted the a

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