1990 (11) TMI 30 - HC - Income Tax

Summary

The High Court of Madras upheld the exemption of legal expenses claimed by an assessee in a case related to agricultural income tax. The expenses were incurred to preserve the title to the lands against obstruction from the government. The court confirmed the decision of the Agricultural Income Tax Appellate Tribunal, citing precedent that such expenses are allowable deductions for computing profits. The tax revision case was dismissed with no costs.