Supreme Court of India
M/s. Mangalore Ganesh Beedi Works v. Commissioner of Income Tax, Mysore &anr.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
We hold that the High Court was not justified in upsetting a finding of fact arrived at by the Tribunal, particularly in the absence of a substantial question of law E being framed in this regard.
Judgment, page 12
From the headnote
Income-Tax Act, 1961: s. 37 - Business Expenditure - Deduction - Certain amount claimed as revenue expenditure by the Association of persons constituted by partners of the erstwhile firm - Deduction u/s. 37, as being laid out or expended wholly and exclusively for the purpose of b_usiness of the Association of Persons - Permissibility of - Held: Amount claimed as revenue expenditure by Association of persons can be allowed as permissible deduction by them u/s. 37 of the Act - Concern was ·a going concern and thus, the legal expenses incurred were for defending the business of the going
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