https://www.taxtmi.com/caselaws?id=8726 Legal expenses incurred in bona fide proceedings to reduce income-tax liability were held allowable as a deduction where they were reasonably and honestly incurred to protect the business and preserve profits. The Court treated the fact that the proceedings concerned alleged concealed income as irrelevant on the material before it, because no unreasonableness or lack of bona fides was shown. Expenses directed to safeguarding the business from adverse tax consequences were therefore admissible under the Indian Income-tax Act, 1922. en-us Tue, 25 Jan 1972 00:00:00 +0530 Wed, 03 Jun 2009 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8726 Legal expenses incurred in bona fide proceedings to reduce income-tax liability were held allowable as a deduction where they were reasonably and honestly incurred to protect the business and preserve profits. The Court treated the fact that the proceedings concerned alleged concealed income as irrelevant on the material before it, because no unreasonableness or lack of bona fides was shown. Expenses directed to safeguarding the business from adverse tax consequences were therefore admissible under the Indian Income-tax Act, 1922. Case-Laws Income Tax Tue, 25 Jan 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8726