https://www.taxtmi.com/caselaws?id=187209 Legal expenses incurred by a company in defending its managing directors and employee in prosecutions arising from ordinary business transactions were treated as deductible where the expenditure was incidental to the trade, incurred in the company's trading capacity, and directed to protecting business reputation and commercial interests. Rent-free residential quarters provided to directors were treated as remuneration under the Excess Profits Tax rules because the accommodation constituted money's worth supplied by the employer, and the form of the benefit did not alter its character as compensation. en-us Fri, 17 Mar 1950 00:00:00 +0530 Thu, 13 Oct 2016 17:03:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187209 Legal expenses incurred by a company in defending its managing directors and employee in prosecutions arising from ordinary business transactions were treated as deductible where the expenditure was incidental to the trade, incurred in the company's trading capacity, and directed to protecting business reputation and commercial interests. Rent-free residential quarters provided to directors were treated as remuneration under the Excess Profits Tax rules because the accommodation constituted money's worth supplied by the employer, and the form of the benefit did not alter its character as compensation. Case-Laws Income Tax Fri, 17 Mar 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187209