https://www.taxtmi.com/caselaws?id=189963 The legal expense of Rs. 2,577 incurred by the assessee company to restrain Binod Mills Ltd. from using a trade-mark was held to be a revenue expenditure deductible under Section 10(2)(ix) of the Indian Income-tax Act. The court concluded that the expense aimed to maintain the company's trade and profits by preventing actual loss in sales, rather than adding to the capital or bringing additional advantage. Therefore, the expense was necessary for the assessee's business operations and was deemed a proper deduction in computing taxable income. en-us Mon, 25 Jan 1943 00:00:00 +0630 Fri, 27 Jan 2017 18:41:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189963 The legal expense of Rs. 2,577 incurred by the assessee company to restrain Binod Mills Ltd. from using a trade-mark was held to be a revenue expenditure deductible under Section 10(2)(ix) of the Indian Income-tax Act. The court concluded that the expense aimed to maintain the company's trade and profits by preventing actual loss in sales, rather than adding to the capital or bringing additional advantage. Therefore, the expense was necessary for the assessee's business operations and was deemed a proper deduction in computing taxable income. Case-Laws Income Tax Mon, 25 Jan 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=189963