https://www.taxtmi.com/caselaws?id=24119 The court held in favor of the assessee regarding the disallowance of expenditure of Rs. 7,732, ruling that the legal fee was of revenue nature and not capital expenditure. However, the court ruled in favor of the Revenue regarding the deduction of surtax payable under the Companies (Profits) Surtax Act, 1964, stating that the assessee was not entitled to such deduction in calculating taxable income. en-us Tue, 07 Mar 1989 00:00:00 +0530 Sat, 16 Jan 2010 17:40:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24119 The court held in favor of the assessee regarding the disallowance of expenditure of Rs. 7,732, ruling that the legal fee was of revenue nature and not capital expenditure. However, the court ruled in favor of the Revenue regarding the deduction of surtax payable under the Companies (Profits) Surtax Act, 1964, stating that the assessee was not entitled to such deduction in calculating taxable income. Case-Laws Income Tax Tue, 07 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24119