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1974 (5) TMI 3 - DELHI HIGH COURT" 1. Whether the amount of Rs. 5,256 deducted by Ails. Iron & Steel Stockists (Civil Supplies) Association, Delhi, is a proper deduction from the business income of the ' assessee as business loss, bad debt or business expense ? 2. Whether legal expenses incurred by the assessee in defending a suit filed by its former managing director for a declaration that his removal was illegal and he continued as the managing director were admissible deduction from business income? 3. Whether the law charges incurred by the assessee-company in connection with criminal complaints against the former managing director for misappropriation of company's funds and efforts to take forcible possession of company's business premises, respectively, are a permissible deduction from business profits of the assesseec-ompany ? "
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