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

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..... thers Pvt. Ltd reported in 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 comme .....

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..... (77 ITR 575) and of the Bombay High Court in the case of R.B Bansi Lal Spinning and Weaving Mills (81 ITR 34) that such litigation expenses were allowable as deduction under section 10(2)(xv)/37 of the 1922/1961 Acts. In view of the above decisions, all legal accountancy expenses incurred in connection with the proceedings before the income-tax authorities right upto the stage of the Supreme Cou .....

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