https://www.taxtmi.com/caselaws?id=13127 Security charges incurred to safeguard land and a factory building were treated as deductible expenditure because they had a sufficient nexus with the relevant income-producing source. The absence of income from that sub-source in the relevant previous year did not defeat the claim, as the decisive point was preservation of the asset from which income could arise. The court therefore accepted that such protective expenditure may be allowed for set-off against other income where the connection with the source is established. en-us Wed, 20 Jun 2001 00:00:00 +0530 Tue, 26 May 2009 15:23:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13127 Security charges incurred to safeguard land and a factory building were treated as deductible expenditure because they had a sufficient nexus with the relevant income-producing source. The absence of income from that sub-source in the relevant previous year did not defeat the claim, as the decisive point was preservation of the asset from which income could arise. The court therefore accepted that such protective expenditure may be allowed for set-off against other income where the connection with the source is established. Case-Laws Income Tax Wed, 20 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13127