https://www.taxtmi.com/caselaws?id=180538 Expenses incurred by a company in defending winding-up litigation, including legal and travelling expenses, were treated as business expenditure because the proceedings went to the very existence of the business and were incurred to protect it. On that settled principle, such outgoings were deductible under the Income-tax Act. The document also notes that, because the legal position was already settled, no referable question of law survived for reference under the Act. The overall position stated is that the deduction issue was resolved in favour of the assessee. en-us Thu, 25 Aug 1960 00:00:00 +0530 Tue, 29 Mar 2016 10:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180538 Expenses incurred by a company in defending winding-up litigation, including legal and travelling expenses, were treated as business expenditure because the proceedings went to the very existence of the business and were incurred to protect it. On that settled principle, such outgoings were deductible under the Income-tax Act. The document also notes that, because the legal position was already settled, no referable question of law survived for reference under the Act. The overall position stated is that the deduction issue was resolved in favour of the assessee. Case-Laws Income Tax Thu, 25 Aug 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180538