https://www.taxtmi.com/caselaws?id=36060 The High Court ruled in favor of the assessee, allowing the deduction of Rs. 12,620 as revenue expenditure under section 37(1) of the Income-tax Act. The court emphasized that the expenditure was essential for the company to operate within the legal framework and maintain compliance with the law, thus qualifying as revenue expenditure necessary for the business's operation. en-us Mon, 02 Feb 1981 00:00:00 +0530 Fri, 19 Mar 2010 11:13:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36060 The High Court ruled in favor of the assessee, allowing the deduction of Rs. 12,620 as revenue expenditure under section 37(1) of the Income-tax Act. The court emphasized that the expenditure was essential for the company to operate within the legal framework and maintain compliance with the law, thus qualifying as revenue expenditure necessary for the business's operation. Case-Laws Income Tax Mon, 02 Feb 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36060