years in pursuance of the agreement dated September 29, 1959, as consultation fee, are a proper deduction ?
(3) Whether, on the facts ... therefor the assessee-company agreed to pay to the English company
consultancy fee at 2% of net sales on all Class I products
Revenue, submitted that the assessee has claimed `4.35 Crores
towards management consultancy fees. The Transfer Pricing
Officer found that the details of specific services provided ... assessee-company
should have received double the amount towards management
consultancy fee from TCM and CMT.
35. We have carefully gone through the provisions
deleted the addition made by the AO on account of undisclosed
consultancy fees.
3. Briefly stated the facts of the case are that during course ... addition made by the AO on account
of undisclosed consultancy fees.
30. During the course of the assessment proceedings, the AO observed
that the assessee
income as interest from Bank accounts, dividend income
from investment and consultancy fee etc. The income of Master Rishab
Nambiar, son of accused Ramesh Nambiar ... Bank before rendering any consultancy to
petitioner Bhojraj Teli from 2006 onwards. Accordingly, no benefit of
consultancy fee can be allowed at this stage
company. TCG was to provide consultancy services to the company as well and consultancy fee of Rs.8.25 lacs per month was payable ... available by TCG. After adding 5% annual escalation in the consultancy charges, the consultancy fee was payable as under:
With effect from Amount
entertaining and adjudicating upon the assessed's plea that the consultancy fee accrued to it on 11th Sept., 1987, i.e., in the previous ... jurisdiction when it entertained the assessed's ground that consultancy fee had accrued to the assessed only in asst. yr. 1988-89 when
amount of Rs. 96,63,750/- towards
consultancy fees paid to nonresident firm Spinnakar Group.
ii) Non deduction of TDS on foreign sale commission amounting ... both in law and on facts
in holding that payment towards consultancy fees paid to nonresident firm
M/s Spinnaker Group falls under Section
Appeals) erred in -
(i) allowing payment of consultancy fees to M/s Nonsuch Tea Estates for all the assessment years;
(ii) in. allowing payment
private practice according to the fee charged by him. The assessee charged fee of Rs. 30 (Rs. 40 after consultation hours) from April ... During this period 2,223 patient have been consulted by assessee. Therefore assessee has suppressed consultation fee
consequently,
null and void.
2.5 Addition in respect of technical consultancy fees of Rs. 1.36.00.000/-
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M/s. Merck Specialties ... During the year, assessee has
made 'payment of technical consultancy fees' of Rs. 1,76,47,997, pursuant to
consultancy agreement dated
