https://www.taxtmi.com/caselaws?id=188392 The court held that the assessee was not entitled to a deduction of Rs. 8,250 paid as income-tax consultant fees under section 10(2)(xv) of the Indian Income-tax Act, 1922. The court emphasized that the fees were not expended wholly and exclusively for the purpose of the business as they were related to settling tax liabilities arising from concealed income, which was not a business expense. The court rejected the argument that departmental practice could justify the deduction, stating that legal permissibility under section 10(2)(xv) was essential. The assessee was directed to pay the department's costs. en-us Mon, 25 Sep 1961 00:00:00 +0530 Tue, 29 Nov 2016 14:59:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188392 The court held that the assessee was not entitled to a deduction of Rs. 8,250 paid as income-tax consultant fees under section 10(2)(xv) of the Indian Income-tax Act, 1922. The court emphasized that the fees were not expended wholly and exclusively for the purpose of the business as they were related to settling tax liabilities arising from concealed income, which was not a business expense. The court rejected the argument that departmental practice could justify the deduction, stating that legal permissibility under section 10(2)(xv) was essential. The assessee was directed to pay the department's costs. Case-Laws Income Tax Mon, 25 Sep 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188392