https://www.taxtmi.com/caselaws?id=272831 Legal expenses incurred solely to preserve an existing income-yielding office were held to be allowable, because the litigation was directed at retaining the source of fees and not at securing any separate personal object. The expenditure did not bring into existence a new asset or enduring advantage; it merely maintained an existing source of income. It was therefore not capital expenditure and was deductible as revenue expenditure. en-us Wed, 14 Nov 1945 00:00:00 +0530 Sat, 19 May 2018 17:11:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272831 Legal expenses incurred solely to preserve an existing income-yielding office were held to be allowable, because the litigation was directed at retaining the source of fees and not at securing any separate personal object. The expenditure did not bring into existence a new asset or enduring advantage; it merely maintained an existing source of income. It was therefore not capital expenditure and was deductible as revenue expenditure. Case-Laws Income Tax Wed, 14 Nov 1945 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272831