https://www.taxtmi.com/caselaws?id=7438 Expenditure laid out wholly for the purposes of deriving agricultural income could be allowed under the Agricultural Income-tax Act, 1950 even if the plantations had not yet begun to yield income in the relevant year. On that basis, depreciation and repairs on buildings used for employees engaged in planting were deductible under the computation provisions, and the allowance was not confined to buildings from which rent was actually realised. The claim was therefore accepted in favour of the assessee. en-us Thu, 01 Aug 1968 00:00:00 +0530 Thu, 19 Feb 2009 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7438 Expenditure laid out wholly for the purposes of deriving agricultural income could be allowed under the Agricultural Income-tax Act, 1950 even if the plantations had not yet begun to yield income in the relevant year. On that basis, depreciation and repairs on buildings used for employees engaged in planting were deductible under the computation provisions, and the allowance was not confined to buildings from which rent was actually realised. The claim was therefore accepted in favour of the assessee. Case-Laws Income Tax Thu, 01 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7438