https://www.taxtmi.com/caselaws?id=8044 Business expenditure covers more than expenses directly earning profits: where costs are reasonably incurred on commercial expediency to facilitate the carrying on of the business, they may fall within the statutory allowance even if connected with assessment proceedings. Expenses for preparing income-tax returns and for representation before the Income-tax Officer and in appeals to the Tribunal were treated as sufficiently connected with business conduct, absent mala fides, concealment, evasion, or unreasonableness. Such expenditure was therefore allowable in computing the assessee's income. en-us Thu, 12 Nov 1970 00:00:00 +0530 Fri, 27 Mar 2009 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8044 Business expenditure covers more than expenses directly earning profits: where costs are reasonably incurred on commercial expediency to facilitate the carrying on of the business, they may fall within the statutory allowance even if connected with assessment proceedings. Expenses for preparing income-tax returns and for representation before the Income-tax Officer and in appeals to the Tribunal were treated as sufficiently connected with business conduct, absent mala fides, concealment, evasion, or unreasonableness. Such expenditure was therefore allowable in computing the assessee's income. Case-Laws Income Tax Thu, 12 Nov 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8044