https://www.taxtmi.com/caselaws?id=289002 Legal and accountancy s incurred to resist or reduce a tax assessment were held not to be expenditure laid out wholly and exclusively for the purposes of business under section 10(2)(xv) of the Indian Income-tax Act, 1922. Where the payments were connected with proceedings concerning earlier years and were directed at meeting tax liability rather than carrying on the business, the statutory deduction test was not satisfied. The deduction for fees paid to chartered accountants and lawyers for appearances before the Income Tax Investigation Commission was therefore not allowable, and the issue was answered against the assessee. en-us Wed, 25 Apr 1962 00:00:00 +0530 Thu, 09 Jul 2020 14:34:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289002 Legal and accountancy s incurred to resist or reduce a tax assessment were held not to be expenditure laid out wholly and exclusively for the purposes of business under section 10(2)(xv) of the Indian Income-tax Act, 1922. Where the payments were connected with proceedings concerning earlier years and were directed at meeting tax liability rather than carrying on the business, the statutory deduction test was not satisfied. The deduction for fees paid to chartered accountants and lawyers for appearances before the Income Tax Investigation Commission was therefore not allowable, and the issue was answered against the assessee. Case-Laws Income Tax Wed, 25 Apr 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289002