https://www.taxtmi.com/caselaws?id=426443 Litigation expenditure incurred to defend possession and protect business use of premises, without acquiring or perfecting title to an asset, is revenue expenditure and deductible in nature. Refund interest is payable under section 244A up to the date the refund is actually granted, not merely up to the date of intimation or earlier computation. The note therefore treats the legal fees as allowable business expenditure and recognises interest on refund until actual payment, both points being resolved in favour of the assessee. en-us Wed, 10 Aug 2022 00:00:00 +0530 Wed, 17 Aug 2022 08:09:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426443 Litigation expenditure incurred to defend possession and protect business use of premises, without acquiring or perfecting title to an asset, is revenue expenditure and deductible in nature. Refund interest is payable under section 244A up to the date the refund is actually granted, not merely up to the date of intimation or earlier computation. The note therefore treats the legal fees as allowable business expenditure and recognises interest on refund until actual payment, both points being resolved in favour of the assessee. Case-Laws Income Tax Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426443