https://www.taxtmi.com/caselaws?id=39364 Expenditure incurred by an assessee-company to defend employees in criminal proceedings arising from an accident in the course of mining operations may be deductible as business expenditure if it is honestly and bona fide incurred to protect the business, its reputation and employee co-operation; the final outcome of the criminal case is not decisive. By contrast, a payment made as a penalty or fine for breach of law is not incurred for business purposes and is not deductible. en-us Tue, 17 Dec 1974 00:00:00 +0530 Fri, 16 Apr 2010 10:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39364 Expenditure incurred by an assessee-company to defend employees in criminal proceedings arising from an accident in the course of mining operations may be deductible as business expenditure if it is honestly and bona fide incurred to protect the business, its reputation and employee co-operation; the final outcome of the criminal case is not decisive. By contrast, a payment made as a penalty or fine for breach of law is not incurred for business purposes and is not deductible. Case-Laws Income Tax Tue, 17 Dec 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39364