claimed various expenses on account of labour and
job work charges, professional fees, legal expenses and other salary
expenses as part ... outside
India
Patent Expense 6.78 57.32 64.10
(Official Fees)
Patent Expense 13.44 409.41 422.85
(Consulting
Fees]
Professional 81.89 8.59 90.48
Fees
Total
The Dcit, Circle-1(1),, Baroda vs Gujarat Flurochemicals Ltd.,, Baroda on 28 June, 2019
justified & grossly erred in confirming disallowance of
expenditure incurred towards professional fee of Rs. 2,50,00,000/- in
computing total income ... learned assessing officer made following disallowances.
Page | 2
i. Disallowance of professional fees of Rs. 2,50,00,000/- as assessee
does not carry
Fees
Project Marshal 74,78,792
Project Moon 18,42,700
Legal Fees - Other 1,69,101
Total Legal Fees 94,90,593
ii) Professional ... Project Moon 14,30,59,371
Professional Fes in connection with NCD
issue 209,97,990
Professional Fees - Others 21,236
Total Professional Fees
Marketing
1 Legal Fees
Legal Fees for Project Strike 87,41,491
(Acquisition of automobile
company in North Europe)
Legal Fees for Project Bamford ... United
Kingdom)
Legal Fees for SYMC (In 44,38,800
connection with further
equity investment in SYMC)
Legal Fees / Professional
basis" and, therefore, it took into its accounts only the professional fees which were actually received, and not professional fees which were outstanding ... legal bar or such professionals taking appropriate proceedings against clients for recovering their dues on account of professional fees, but no provision
were credited and
details of professional receipt in convertible foreign exchange,
which clearly established that foreign professional fees was
offered ... were credited and
details of professional receipt in convertible foreign exchange,
which clearly established that foreign professional fees was
offered
account of disallowance of
professional fees paid to Shri S.K. Gupta Group of Companies,
even though the documentary evidence regarding rendering ... 2019
-3-
services seized during search operation manifested that
professional fees paid by the appellant was bogus, as no
relevant services were rendered by such
assessee company that it had submitted the complete details of
the professional fees amounting to Rs. 70.89 crore paid to
doctors during the course ... assessee that it had explained the nature of these professional fees
paid to the doctors during the course of assessment to the AO, is
also
towards
salary and professional fees paid to Chandana Poddar in the sum of Rs. 13,00,000/- in the
facts and circumstances of the case ... professional fees. The assessee replied before the ld AO
vide letter dated 25.8.2014 that Mrs Chandana Poddar was looking after and liasoning with
various engineers
