https://www.taxtmi.com/caselaws?id=288503 The court ruled against the appellant, holding that the litigation expenses incurred were of a capital nature and not allowable under section 10(2)(xv) of the Income Tax Act. The court emphasized the timing and purpose of the expenses, noting that they were related to acquiring capital assets rather than protecting existing assets. The appellant was directed to pay costs to the department, including counsel's fee assessed at Rs. 200. en-us Fri, 08 Apr 1966 00:00:00 +0530 Thu, 11 Jun 2020 16:27:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288503 The court ruled against the appellant, holding that the litigation expenses incurred were of a capital nature and not allowable under section 10(2)(xv) of the Income Tax Act. The court emphasized the timing and purpose of the expenses, noting that they were related to acquiring capital assets rather than protecting existing assets. The appellant was directed to pay costs to the department, including counsel's fee assessed at Rs. 200. Case-Laws Income Tax Fri, 08 Apr 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288503