https://www.taxtmi.com/caselaws?id=36011 Litigation expenditure is deductible only if incurred wholly and exclusively for the assessee's business. Where the dispute arises mainly from internecine rivalry over control of the company and disputed shares, and the company is used as a vehicle for that struggle, the expense is not treated as business expenditure. The Tribunal's finding that the resistance to the suit went beyond protection of business assets was supported by material on record and was not perverse. On that basis, the litigation costs were disallowed and the disallowance was sustained. en-us Thu, 25 Jan 1979 00:00:00 +0530 Thu, 18 Mar 2010 17:55:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36011 Litigation expenditure is deductible only if incurred wholly and exclusively for the assessee's business. Where the dispute arises mainly from internecine rivalry over control of the company and disputed shares, and the company is used as a vehicle for that struggle, the expense is not treated as business expenditure. The Tribunal's finding that the resistance to the suit went beyond protection of business assets was supported by material on record and was not perverse. On that basis, the litigation costs were disallowed and the disallowance was sustained. Case-Laws Income Tax Thu, 25 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36011