https://www.taxtmi.com/caselaws?id=10398 The High Court of Madhya Pradesh ruled in favor of the Revenue, disallowing the deduction claimed by a medical practitioner for seized heroin. The court held that possession of heroin by the doctor was not connected to his profession and therefore could not be considered as stock-in-trade. The court emphasized that illegal expenditures cannot be deemed as incurred for business or profession, leading to the rejection of the deduction claimed by the doctor. The Tribunal's decision to allow the deduction was deemed legally unsustainable, and the Revenue's appeal was accepted, setting aside the Tribunal's order. en-us Mon, 29 Nov 2004 00:00:00 +0530 Wed, 15 Jul 2009 11:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10398 The High Court of Madhya Pradesh ruled in favor of the Revenue, disallowing the deduction claimed by a medical practitioner for seized heroin. The court held that possession of heroin by the doctor was not connected to his profession and therefore could not be considered as stock-in-trade. The court emphasized that illegal expenditures cannot be deemed as incurred for business or profession, leading to the rejection of the deduction claimed by the doctor. The Tribunal's decision to allow the deduction was deemed legally unsustainable, and the Revenue's appeal was accepted, setting aside the Tribunal's order. Case-Laws Income Tax Mon, 29 Nov 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10398