Sponsored
    Follow Us:

Case Law Details

Case Name : Crayons Advertising (P) Ltd Vs DCIT (ITAT Delhi)
Related Assessment Year : 2015-16
Become a Premium member to Download. If you are already a Premium member, Login here to access.
Sponsored

Crayons Advertising (P) Ltd Vs DCIT (ITAT Delhi)

ITAT Delhi held that processing fees for purchase of business assets is allowable as deduction as the loan has been taken for purchase of assets which are used for the business of the assessee.

Facts-

AO noted that the assessee has debited processing fees of Rs.25,74,864/- under the head ‘Interest & Finance Costs’. Upon AO’s enquiry, it was submitted that 7,74,864/- was paid as p

Please become a Premium member. If you are already a Premium member, login here to access the full content.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
March 2025
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31