https://www.taxtmi.com/caselaws?id=287073 The court held that the sums paid as damages and legal expenses were allowable deductions under Section 10 of the Act. The contracts entered into by the assessee were not illegal or against public policy, and the losses incurred were incidental to the business. The court answered the question in the affirmative, in favor of the assessee, and awarded costs to the assessee. en-us Wed, 29 Aug 1962 00:00:00 +0530 Fri, 27 Mar 2020 14:37:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287073 The court held that the sums paid as damages and legal expenses were allowable deductions under Section 10 of the Act. The contracts entered into by the assessee were not illegal or against public policy, and the losses incurred were incidental to the business. The court answered the question in the affirmative, in favor of the assessee, and awarded costs to the assessee. Case-Laws Income Tax Wed, 29 Aug 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287073