https://www.taxtmi.com/caselaws?id=189980 The Court concluded that the expenditure incurred by the Limited Company for litigation expenses related to contempt proceedings was not solely for the purpose of earning profits or gains. The claim for deduction under Sec. 10(2)(ix) of the Income Tax Act was deemed invalid, emphasizing the necessity of a direct and exclusive connection between the expenditure and the business activities to qualify for deductions under the Act. en-us Wed, 14 Jul 1937 00:00:00 +0530 Sat, 28 Jan 2017 12:43:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189980 The Court concluded that the expenditure incurred by the Limited Company for litigation expenses related to contempt proceedings was not solely for the purpose of earning profits or gains. The claim for deduction under Sec. 10(2)(ix) of the Income Tax Act was deemed invalid, emphasizing the necessity of a direct and exclusive connection between the expenditure and the business activities to qualify for deductions under the Act. Case-Laws Income Tax Wed, 14 Jul 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189980