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In the case citation [2005] 275 ITR 491 (Mad) the assessee incurred consultancy expenditure for subscribing  to  “News Bulletin”/ “Information Bulletin” which covered legal, financial and industrial news and the department point was that it cannot be regarded as a consultancy service, as they are compiled from various information readily available in the newspapers and journals and put it in the form of booklet, viz., “News Bulletin” and “Information Bulletin”, and therefore it would not be considered as a

consultancy service.

At this the Madras High Court held that advice on legal, financial and industrial matters can be taken locally or orally or through news bulletin .  All of which is permissible as much as the same is laid out for the purpose of the business.

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