https://www.taxtmi.com/caselaws?id=168258 Law charges incurred to contest proceedings before the Income-tax Investigation Commission were treated as deductible business expenditure because the expression "for the purpose of the business" is wider than earning profits and includes protection of business assets and resistance to coercive or unlawful interference. Applying that principle, expenditure laid out wholly and exclusively to safeguard the business from proposed additional taxation and penalties was regarded as commercially expedient and allowable under section 10(2)(xv) of the Indian Income-tax Act, 1922. The reference was answered against the revenue, and the assessee's deduction claim and costs were accepted. en-us Fri, 03 Mar 1967 00:00:00 +0530 Tue, 10 Feb 2015 18:33:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168258 Law charges incurred to contest proceedings before the Income-tax Investigation Commission were treated as deductible business expenditure because the expression "for the purpose of the business" is wider than earning profits and includes protection of business assets and resistance to coercive or unlawful interference. Applying that principle, expenditure laid out wholly and exclusively to safeguard the business from proposed additional taxation and penalties was regarded as commercially expedient and allowable under section 10(2)(xv) of the Indian Income-tax Act, 1922. The reference was answered against the revenue, and the assessee's deduction claim and costs were accepted. Case-Laws Income Tax Fri, 03 Mar 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168258