2004 (2) TMI 704 - HC - Income Tax

Summary

The Karnataka High Court dismissed the appeal against the order of the Income Tax Appellate Tribunal related to legal expenses being considered as revenue expenditure for the assessment year 1984-85. The Tribunal found that the expenses were incurred to defend the right to carry on a business serving pork and wine, making them revenue in nature. The appeal was dismissed as no substantial question of law was involved.