https://www.taxtmi.com/caselaws?id=7937 The court held that engaging in politics can be considered an "occupation" under the Expenditure-tax Act, emphasizing the broad definition of "occupation" and citing relevant case law. The expenditure incurred for the election of other candidates was deemed excludible from taxable expenditure under section 5(a) as it was necessary for the assessee's political career. Additionally, the amounts claimed as "party expenses" were considered donations and thus excludible from taxable expenditure under section 5(j). The court upheld the adoption of the period from July 1, 1956, to June 30, 1957, as the "previous year" for assessment. en-us Thu, 19 Feb 1970 00:00:00 +0530 Tue, 24 Mar 2009 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7937 The court held that engaging in politics can be considered an "occupation" under the Expenditure-tax Act, emphasizing the broad definition of "occupation" and citing relevant case law. The expenditure incurred for the election of other candidates was deemed excludible from taxable expenditure under section 5(a) as it was necessary for the assessee's political career. Additionally, the amounts claimed as "party expenses" were considered donations and thus excludible from taxable expenditure under section 5(j). The court upheld the adoption of the period from July 1, 1956, to June 30, 1957, as the "previous year" for assessment. Case-Laws Income Tax Thu, 19 Feb 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7937