https://www.taxtmi.com/caselaws?id=8225 Professional tax paid under the Punjab Professions, Trades, Callings and Employments Act, 1956 was not expenditure laid out wholly and exclusively for the purpose of business under section 10(2)(xv) of the Indian Income-tax Act, 1922. The levy arose because the assessee carried on the business, so it was treated as a contribution from income rather than an operating business expense. On that reasoning, the deduction failed under section 10(2)(xv), and it was unnecessary to decide whether section 10(4) separately excluded the claim. en-us Wed, 16 Dec 1970 00:00:00 +0530 Mon, 06 Apr 2009 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8225 Professional tax paid under the Punjab Professions, Trades, Callings and Employments Act, 1956 was not expenditure laid out wholly and exclusively for the purpose of business under section 10(2)(xv) of the Indian Income-tax Act, 1922. The levy arose because the assessee carried on the business, so it was treated as a contribution from income rather than an operating business expense. On that reasoning, the deduction failed under section 10(2)(xv), and it was unnecessary to decide whether section 10(4) separately excluded the claim. Case-Laws Income Tax Wed, 16 Dec 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8225