https://www.taxtmi.com/caselaws?id=272826 Litigation expenses and compromise payments made to defend alleged trade-mark infringement were treated as revenue expenditure because they were incurred in the ordinary course of business to protect the assessee's trade mark. The payments did not create an asset or enduring advantage, and they were not penalties for a proved breach of law. They were therefore regarded as laid out wholly and exclusively for the purposes of the business and allowable as a deduction under the amended income-tax law. en-us Fri, 08 Dec 1944 00:00:00 +0630 Sat, 19 May 2018 11:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272826 Litigation expenses and compromise payments made to defend alleged trade-mark infringement were treated as revenue expenditure because they were incurred in the ordinary course of business to protect the assessee's trade mark. The payments did not create an asset or enduring advantage, and they were not penalties for a proved breach of law. They were therefore regarded as laid out wholly and exclusively for the purposes of the business and allowable as a deduction under the amended income-tax law. Case-Laws Income Tax Fri, 08 Dec 1944 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=272826