https://www.taxtmi.com/caselaws?id=12916 The court held that the official liquidator's expenses are essential for the winding up proceedings, and there is a clear nexus between the income received and expenses incurred. The appellant was entitled to claim various expenses as deductible expenditures for the assessment years 1990-91 and 1991-92. The Tribunal's decision was deemed erroneous, and the court ruled in favor of the assessee, awarding costs amounting to Rs.1,500. en-us Thu, 09 Aug 2001 00:00:00 +0530 Mon, 25 May 2009 10:25:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12916 The court held that the official liquidator's expenses are essential for the winding up proceedings, and there is a clear nexus between the income received and expenses incurred. The appellant was entitled to claim various expenses as deductible expenditures for the assessment years 1990-91 and 1991-92. The Tribunal's decision was deemed erroneous, and the court ruled in favor of the assessee, awarding costs amounting to Rs.1,500. Case-Laws Income Tax Thu, 09 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12916