https://www.taxtmi.com/caselaws?id=58266 The Tribunal held that the legal expenses incurred by the non-resident company were not allowable as a deduction. The expenses related to defending an individual detained under certain acts were found to lack a factual nexus with the business assets or operations of the assessee-company. The Tribunal emphasized that expenses must be for protecting or preserving the business assets, which was not established in this case. Consequently, the appeal was dismissed, and the assessee was not entitled to the deduction of the legal expenses amounting to Rs. 3,53,034. en-us Fri, 19 Oct 1984 00:00:00 +0530 Sat, 18 Dec 2010 12:07:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58266 The Tribunal held that the legal expenses incurred by the non-resident company were not allowable as a deduction. The expenses related to defending an individual detained under certain acts were found to lack a factual nexus with the business assets or operations of the assessee-company. The Tribunal emphasized that expenses must be for protecting or preserving the business assets, which was not established in this case. Consequently, the appeal was dismissed, and the assessee was not entitled to the deduction of the legal expenses amounting to Rs. 3,53,034. Case-Laws Income Tax Fri, 19 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58266