1973 (5) TMI 34 - HC - Income Tax

Summary

The High Court of Delhi ruled in favor of the assessee, allowing the sum of Rs. 30,959 spent in a criminal case against the director and employees as a deductible expense under section 10(2)(xv) of the Indian Income-tax Act, 1922. The court based its decision on a previous case where similar expenses were allowed for protecting the business's reputation. The judgment was delivered by Judges M. R. A. Ansari and Dalip K. Kapur.