https://www.taxtmi.com/caselaws?id=189979 The High Court ruled in favor of allowing legal expenses incurred by a private limited company in defending its branch manager against criminal charges related to business transactions as permissible deductions under section 10(2)(xv) of the Income-tax Act. The Court upheld the decision of the Appellate Assistant Commissioner, emphasizing the need to protect the business's reputation and distinguishing between defending an employee versus the owner in such cases. The judgment highlighted that expenses for defending an employee in criminal prosecutions arising from ordinary business activities are deductible, irrespective of the legal outcome. en-us Mon, 08 Mar 1965 00:00:00 +0530 Sat, 28 Jan 2017 12:39:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189979 The High Court ruled in favor of allowing legal expenses incurred by a private limited company in defending its branch manager against criminal charges related to business transactions as permissible deductions under section 10(2)(xv) of the Income-tax Act. The Court upheld the decision of the Appellate Assistant Commissioner, emphasizing the need to protect the business's reputation and distinguishing between defending an employee versus the owner in such cases. The judgment highlighted that expenses for defending an employee in criminal prosecutions arising from ordinary business activities are deductible, irrespective of the legal outcome. Case-Laws Income Tax Mon, 08 Mar 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189979