https://www.taxtmi.com/caselaws?id=189828 Litigation expenses incurred to defend existing voting rights and investment interests in shares were treated as revenue expenditure because they did not create, cure, complete, or improve title to any capital asset. The expenditure was directed only to protecting existing investments and preserving valuable rights attached to the shares, which formed part of the assessee's business activity. On that basis, the amount was allowable as a deduction under section 10(2)(xv) of the Indian Income-tax Act, 1922. en-us Fri, 07 May 1965 00:00:00 +0530 Sat, 21 Jan 2017 18:13:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189828 Litigation expenses incurred to defend existing voting rights and investment interests in shares were treated as revenue expenditure because they did not create, cure, complete, or improve title to any capital asset. The expenditure was directed only to protecting existing investments and preserving valuable rights attached to the shares, which formed part of the assessee's business activity. On that basis, the amount was allowable as a deduction under section 10(2)(xv) of the Indian Income-tax Act, 1922. Case-Laws Income Tax Fri, 07 May 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189828