https://www.taxtmi.com/caselaws?id=6266 A composite sugar business was treated as one indivisible undertaking, so managing agency commission paid for that business remained deductible if laid out wholly and exclusively for its purposes. The fact that part of the business related to non-taxable agricultural cultivation did not justify splitting the expenditure or denying deduction under section 10(2)(xv) of the Indian Income-tax Act, 1922. Rule 23 applied only to the limited computation of taxable income where agricultural produce is used as raw material and did not cover managing agency commission or authorise disallowance of business expenditure incurred as a cultivator. en-us Mon, 16 Aug 1971 00:00:00 +0530 Tue, 06 May 2014 10:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6266 A composite sugar business was treated as one indivisible undertaking, so managing agency commission paid for that business remained deductible if laid out wholly and exclusively for its purposes. The fact that part of the business related to non-taxable agricultural cultivation did not justify splitting the expenditure or denying deduction under section 10(2)(xv) of the Indian Income-tax Act, 1922. Rule 23 applied only to the limited computation of taxable income where agricultural produce is used as raw material and did not cover managing agency commission or authorise disallowance of business expenditure incurred as a cultivator. Case-Laws Income Tax Mon, 16 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6266