https://www.taxtmi.com/caselaws?id=277301 Expenditure incurred in defending a criminal prosecution arising out of business dealings was treated as deductible where the dominant and substantial purpose of the defence was to protect the assessee's business reputation and the value of stock-in-trade. The Tribunal's finding that any concern about avoiding fine or imprisonment was merely incidental and inseparably mixed with that business purpose was treated as a finding of fact. Applying the requirement that the expenditure be laid out wholly and exclusively for the purposes of the business, the Court upheld allowance of the deduction under section 10(2)(xv) of the Indian Income-tax Act, 1922, and answered the reference in the assessee's favour. en-us Tue, 16 Jan 1951 00:00:00 +0530 Fri, 30 Nov 2018 17:58:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277301 Expenditure incurred in defending a criminal prosecution arising out of business dealings was treated as deductible where the dominant and substantial purpose of the defence was to protect the assessee's business reputation and the value of stock-in-trade. The Tribunal's finding that any concern about avoiding fine or imprisonment was merely incidental and inseparably mixed with that business purpose was treated as a finding of fact. Applying the requirement that the expenditure be laid out wholly and exclusively for the purposes of the business, the Court upheld allowance of the deduction under section 10(2)(xv) of the Indian Income-tax Act, 1922, and answered the reference in the assessee's favour. Case-Laws Income Tax Tue, 16 Jan 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277301