https://www.taxtmi.com/caselaws?id=63687 The Tribunal held that legal fees paid for defending the company's president in a personal criminal case were not allowable as business expenses. The Tribunal also remanded the issue of admissibility of depreciation and investment allowance on preliminary expenses back to the CIT(A) for re-examination to determine if the expenses were related to the erection or acquisition of plant and machinery, emphasizing the need for careful scrutiny in line with the Supreme Court's judgment. en-us Fri, 29 Jan 1988 00:00:00 +0530 Tue, 01 Feb 2011 13:17:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63687 The Tribunal held that legal fees paid for defending the company's president in a personal criminal case were not allowable as business expenses. The Tribunal also remanded the issue of admissibility of depreciation and investment allowance on preliminary expenses back to the CIT(A) for re-examination to determine if the expenses were related to the erection or acquisition of plant and machinery, emphasizing the need for careful scrutiny in line with the Supreme Court's judgment. Case-Laws Income Tax Fri, 29 Jan 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63687