https://www.taxtmi.com/caselaws?id=71152 Salary paid to an employee engaged to protect an assessee's interest in partnership firms under dissolution was treated as a business expense incurred to safeguard an income-producing interest. As the assessee was a partner in both firms and the appointment was found justified on the facts, the expenditure was held to be laid out for the protection of her business and income interests. The salary payment was therefore allowable as a deduction. en-us Mon, 26 Dec 1977 00:00:00 +0530 Thu, 21 Apr 2011 16:15:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71152 Salary paid to an employee engaged to protect an assessee's interest in partnership firms under dissolution was treated as a business expense incurred to safeguard an income-producing interest. As the assessee was a partner in both firms and the appointment was found justified on the facts, the expenditure was held to be laid out for the protection of her business and income interests. The salary payment was therefore allowable as a deduction. Case-Laws Income Tax Mon, 26 Dec 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71152