https://www.taxtmi.com/caselaws?id=175682 Expenditure made to support a company was held not deductible because it was not incurred solely for earning income from any single source and was also directed to preserving and enhancing the assessee's business reputation, which was treated as a capital asset. Deduction under Section 12 was unavailable because the outgoing was not confined to earning the relevant income, and Section 10(2)(ix) was also inapplicable because the payment was not incurred solely for earning business profits or gains. Section 7 did not apply. The amount was therefore treated as capital expenditure and disallowed. en-us Tue, 07 Apr 1942 00:00:00 +0630 Wed, 02 Dec 2015 15:49:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175682 Expenditure made to support a company was held not deductible because it was not incurred solely for earning income from any single source and was also directed to preserving and enhancing the assessee's business reputation, which was treated as a capital asset. Deduction under Section 12 was unavailable because the outgoing was not confined to earning the relevant income, and Section 10(2)(ix) was also inapplicable because the payment was not incurred solely for earning business profits or gains. Section 7 did not apply. The amount was therefore treated as capital expenditure and disallowed. Case-Laws Income Tax Tue, 07 Apr 1942 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=175682