Deduction u/s 10(2)(xv)/37(1) of Income-tax Act, 1922/1961.

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....n 82 ITR 166. The Supreme Court in the above cases have held that the law charges incurred in connection with the proceedings before income-tax investigation Commission are allowable as deduction under section 10(2)(xv)/37(1) of Income-tax Act, 1922/1961. Even otherwise such expenditure is to be treated as incidental to the business and necessitated or justified by commercial expediency. The expe....