https://www.taxtmi.com/caselaws?id=58273 The Tribunal dismissed the departmental appeal, affirming that the legal expenses claimed by the assessee were allowable deductions under Section 37(1) or Section 57(iii) of the Income-tax Act, 1961. The expenses were incurred to preserve and protect the assessee's income-earning assets, making them eligible for deduction. en-us Tue, 26 Feb 1985 00:00:00 +0530 Sun, 06 Feb 2011 03:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58273 The Tribunal dismissed the departmental appeal, affirming that the legal expenses claimed by the assessee were allowable deductions under Section 37(1) or Section 57(iii) of the Income-tax Act, 1961. The expenses were incurred to preserve and protect the assessee's income-earning assets, making them eligible for deduction. Case-Laws Income Tax Tue, 26 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58273