https://www.taxtmi.com/caselaws?id=346181 The court concluded that the legal expenditure incurred by the assessee to defend writ petitions was deemed revenue expenditure as it aimed to protect business interests and did not create a new asset. The Department's appeal was dismissed, affirming that the expenditure is deductible under Section 37 of the Income Tax Act. en-us Mon, 10 Jul 2017 00:00:00 +0530 Wed, 30 Aug 2017 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346181 The court concluded that the legal expenditure incurred by the assessee to defend writ petitions was deemed revenue expenditure as it aimed to protect business interests and did not create a new asset. The Department's appeal was dismissed, affirming that the expenditure is deductible under Section 37 of the Income Tax Act. Case-Laws Income Tax Mon, 10 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346181