https://www.taxtmi.com/caselaws?id=189040 Expenditure incurred to resist winding-up proceedings threatening a company's existence was treated as laid out wholly and exclusively for the purpose of the business under the Income-tax Act, 1922. The wide scope of that phrase was applied to cover spending directed to preserving the business itself, not merely carrying on routine operations. Legal fees and connected travelling expenses were therefore regarded as inseparably linked to the defence of the company's existence and deductible as business expenditure. en-us Thu, 22 Jul 1965 00:00:00 +0530 Mon, 26 Dec 2016 12:53:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189040 Expenditure incurred to resist winding-up proceedings threatening a company's existence was treated as laid out wholly and exclusively for the purpose of the business under the Income-tax Act, 1922. The wide scope of that phrase was applied to cover spending directed to preserving the business itself, not merely carrying on routine operations. Legal fees and connected travelling expenses were therefore regarded as inseparably linked to the defence of the company's existence and deductible as business expenditure. Case-Laws Income Tax Thu, 22 Jul 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189040