https://www.taxtmi.com/caselaws?id=21126 A company that has not been formally struck off remains subject to statutory filing obligations and may incur expenditure to preserve its corporate status. Expenditure incurred for that purpose, and expenditure directly or indirectly connected with earning income assessed under the head "Other sources," may be examined for deduction under the applicable provision. The direction to consider allowability was upheld, and the issue was answered in favour of the assessee. The stated principle is that such expenditure is deductible if it is shown to have been incurred wholly and exclusively for the relevant purpose. en-us Mon, 06 May 1991 00:00:00 +0530 Fri, 20 Nov 2009 12:07:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21126 A company that has not been formally struck off remains subject to statutory filing obligations and may incur expenditure to preserve its corporate status. Expenditure incurred for that purpose, and expenditure directly or indirectly connected with earning income assessed under the head "Other sources," may be examined for deduction under the applicable provision. The direction to consider allowability was upheld, and the issue was answered in favour of the assessee. The stated principle is that such expenditure is deductible if it is shown to have been incurred wholly and exclusively for the relevant purpose. Case-Laws Income Tax Mon, 06 May 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21126