https://www.taxtmi.com/caselaws?id=426443 Legal expenditure incurred to defend possession of business premises is treated as revenue expenditure where it protects continuity of business operations rather than acquires, improves, extends, or perfects title to a capital asset. This distinction supports deduction of litigation costs under section 37(1), particularly where the taxpayer is not the property owner and incurs costs solely to safeguard business use. Interest on an income-tax refund under section 244A runs until the date the refund is actually granted, rather than ending on the date of intimation determining the refund. 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 Legal expenditure incurred to defend possession of business premises is treated as revenue expenditure where it protects continuity of business operations rather than acquires, improves, extends, or perfects title to a capital asset. This distinction supports deduction of litigation costs under section 37(1), particularly where the taxpayer is not the property owner and incurs costs solely to safeguard business use. Interest on an income-tax refund under section 244A runs until the date the refund is actually granted, rather than ending on the date of intimation determining the refund. Case-Laws Income Tax Wed, 10 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426443