https://www.taxtmi.com/caselaws?id=5427 Professional fees paid to auditors for preparing agricultural income-tax returns were treated as deductible under section 5(j) of the Kerala Agricultural Income-tax Act, 1950 because the provision allows expenditure laid out wholly and exclusively for deriving agricultural income. The text states that this language is broad enough to cover expenses comparable to those allowed under section 37 of the Income-tax Act, 1961. It also notes that there was no material distinction between fees for maintaining and auditing accounts and fees for preparing statutory returns. The fee was therefore within the deduction provision and the question was answered in favour of the assessee. en-us Tue, 14 Sep 1993 00:00:00 +0530 Mon, 24 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5427 Professional fees paid to auditors for preparing agricultural income-tax returns were treated as deductible under section 5(j) of the Kerala Agricultural Income-tax Act, 1950 because the provision allows expenditure laid out wholly and exclusively for deriving agricultural income. The text states that this language is broad enough to cover expenses comparable to those allowed under section 37 of the Income-tax Act, 1961. It also notes that there was no material distinction between fees for maintaining and auditing accounts and fees for preparing statutory returns. The fee was therefore within the deduction provision and the question was answered in favour of the assessee. Case-Laws Income Tax Tue, 14 Sep 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5427