https://www.taxtmi.com/caselaws?id=365243 The Court dismissed the appeal regarding the claim of litigation expenses under Section 37 of the Income Tax Act. The appellant's argument that the expenses were necessary for continuing as an advocate was not accepted. The Court distinguished between business and professional expenditures, emphasizing that expenses claimable by a legal professional differ from those of a commercial entity. It was held that the appellant's transition from a business entrepreneur to a legal professional did not permit claiming the expenses as business expenditure related to subsequent income from the legal profession. The appeal was dismissed as no substantial question of law arose. en-us Wed, 30 May 2018 00:00:00 +0530 Mon, 13 Aug 2018 06:12:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365243 The Court dismissed the appeal regarding the claim of litigation expenses under Section 37 of the Income Tax Act. The appellant's argument that the expenses were necessary for continuing as an advocate was not accepted. The Court distinguished between business and professional expenditures, emphasizing that expenses claimable by a legal professional differ from those of a commercial entity. It was held that the appellant's transition from a business entrepreneur to a legal professional did not permit claiming the expenses as business expenditure related to subsequent income from the legal profession. The appeal was dismissed as no substantial question of law arose. Case-Laws Income Tax Wed, 30 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365243