https://www.taxtmi.com/caselaws?id=7751 Expenditure incurred in criminal proceedings was deductible where it was honestly and reasonably laid out to protect the assessee's business interests, including business profits, assets, and rights under managing and selling agency arrangements. The criminal form of the proceedings did not, by itself, prevent allowance under section 10(2)(xv) of the Income-tax Act, 1922. On the facts found, the Tribunal's own conclusion negatived any purely personal motive, and there was no sound basis for limiting the deduction to one-third. The expenditure was therefore allowable in full. en-us Wed, 17 Sep 1969 00:00:00 +0530 Wed, 18 Mar 2009 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7751 Expenditure incurred in criminal proceedings was deductible where it was honestly and reasonably laid out to protect the assessee's business interests, including business profits, assets, and rights under managing and selling agency arrangements. The criminal form of the proceedings did not, by itself, prevent allowance under section 10(2)(xv) of the Income-tax Act, 1922. On the facts found, the Tribunal's own conclusion negatived any purely personal motive, and there was no sound basis for limiting the deduction to one-third. The expenditure was therefore allowable in full. Case-Laws Income Tax Wed, 17 Sep 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7751