https://www.taxtmi.com/caselaws?id=99439 A business expenditure is deductible where it is incurred for the assessee-company's own business purposes and is not shown to be illegal or outside the ordinary course of business. The Calcutta HC note states that the assessee validly appointed an employee and assumed liability to pay his remuneration; the earlier lack of governmental sanction affecting the managed company did not render the assessee's payment unlawful. The Tribunal's finding that the expense was incurred for the assessee's business was not displaced, so the payment was allowable as business expenditure. en-us Fri, 26 Sep 1975 00:00:00 +0530 Fri, 27 Jan 2012 13:13:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99439 A business expenditure is deductible where it is incurred for the assessee-company's own business purposes and is not shown to be illegal or outside the ordinary course of business. The Calcutta HC note states that the assessee validly appointed an employee and assumed liability to pay his remuneration; the earlier lack of governmental sanction affecting the managed company did not render the assessee's payment unlawful. The Tribunal's finding that the expense was incurred for the assessee's business was not displaced, so the payment was allowable as business expenditure. Case-Laws Companies Law Fri, 26 Sep 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99439