https://www.taxtmi.com/caselaws?id=189829 Litigation expenses incurred in a suit to establish title to buses already claimed for the transport business were treated as revenue expenditure, because the decisive test was the nature and purpose of the proceedings, not the final outcome. The suit did not bring into existence, acquire, or improve any capital asset; it only defended an existing business claim of title. The absence of possession did not turn the expense into capital expenditure or into cost of curing a defective title for acquisition purposes. The expenditure was therefore laid out wholly and exclusively for the business and was deductible under section 10(2)(xv) of the Income-tax Act, 1922. en-us Mon, 02 May 1955 00:00:00 +0530 Sat, 21 Jan 2017 18:24:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189829 Litigation expenses incurred in a suit to establish title to buses already claimed for the transport business were treated as revenue expenditure, because the decisive test was the nature and purpose of the proceedings, not the final outcome. The suit did not bring into existence, acquire, or improve any capital asset; it only defended an existing business claim of title. The absence of possession did not turn the expense into capital expenditure or into cost of curing a defective title for acquisition purposes. The expenditure was therefore laid out wholly and exclusively for the business and was deductible under section 10(2)(xv) of the Income-tax Act, 1922. Case-Laws Income Tax Mon, 02 May 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189829