Case Law Details
Case Name : PCIT Vs Adani Properties Pvt. Ltd. (Gujarat High Court)
Appeal Number : Tax Appeal No. 02/2020
Date of Judgement/Order : 20/01/2020
Related Assessment Year :
Courts :
All High Courts Gujarat High Court
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PCIT Vs Adani Properties Pvt. Ltd. (Gujarat High Court)
The Gujarat High Court has held that the lawyer fee/legal assistance expenditure taken by the assessee on day to day basis for the purpose of business can be treated as revenue expenditure and deductible from Taxable Income.
No Deduction of Expense in relation to income which does not form part of the total income
No deduction shall be allowed in respect of expenditure incurred by the assessee in relation to income which does not form part of the total income under this Act.
FULL TEXT OF THE HIGH COURT ORDER / JUDGEMENT
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