https://www.taxtmi.com/caselaws?id=49626 The Supreme Court upheld the decisions of the lower authorities and the High Court, ruling that the interest amounts credited in the appellant's books of account for the assessment years 1943-44 and 1944-45 were deemed to be received in British India and were taxable under section 4(1) of the Income Tax Act. Additionally, the expenditure of Rs. 7,512 incurred in connection with criminal litigation was not allowed as deductible expenditure under section 10(2)(xv) of the Act. The appeals were dismissed with costs. en-us Fri, 03 Oct 1958 00:00:00 +0530 Fri, 05 Sep 2014 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49626 The Supreme Court upheld the decisions of the lower authorities and the High Court, ruling that the interest amounts credited in the appellant's books of account for the assessment years 1943-44 and 1944-45 were deemed to be received in British India and were taxable under section 4(1) of the Income Tax Act. Additionally, the expenditure of Rs. 7,512 incurred in connection with criminal litigation was not allowed as deductible expenditure under section 10(2)(xv) of the Act. The appeals were dismissed with costs. Case-Laws Income Tax Fri, 03 Oct 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49626