https://www.taxtmi.com/caselaws?id=191023 Expenditure incurred wholly and exclusively for a business, profession, vocation or occupation is exempt under section 5(a) of the Expenditure-tax Act, and the provision is not confined to profit-making activities. The income element cannot be read into that category, so an activity may still qualify as a vocation or occupation even if carried on for social service or public good without remuneration. On the facts, running educational institutions was a regular and substantive activity, and it was properly characterised as an occupation. The expenditure incurred for that educational activity therefore fell within the exemption. en-us Fri, 07 Dec 1962 00:00:00 +0530 Fri, 17 Mar 2017 17:26:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191023 Expenditure incurred wholly and exclusively for a business, profession, vocation or occupation is exempt under section 5(a) of the Expenditure-tax Act, and the provision is not confined to profit-making activities. The income element cannot be read into that category, so an activity may still qualify as a vocation or occupation even if carried on for social service or public good without remuneration. On the facts, running educational institutions was a regular and substantive activity, and it was properly characterised as an occupation. The expenditure incurred for that educational activity therefore fell within the exemption. Case-Laws Income Tax Fri, 07 Dec 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191023