https://www.taxtmi.com/caselaws?id=8290 Salary paid to an accountant and correspondence clerk for assisting business administration and maintaining accounts was treated as an admissible business deduction where the expenditure was incurred wholly and exclusively for business purposes. The text notes that an assessee's share of partnership income could support incidental expenditure of this kind, and that the principle recognised under the Income-tax Act, 1922 remained relevant under the later Act. Section 67(3) was considered not exhaustive, so a deduction otherwise allowable under section 37(1) could still be claimed where the facts justified it. Harmonious construction was applied to give effect to both provisions, and the expenditure was allowed. en-us Thu, 08 Jul 1971 00:00:00 +0530 Thu, 09 Apr 2009 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8290 Salary paid to an accountant and correspondence clerk for assisting business administration and maintaining accounts was treated as an admissible business deduction where the expenditure was incurred wholly and exclusively for business purposes. The text notes that an assessee's share of partnership income could support incidental expenditure of this kind, and that the principle recognised under the Income-tax Act, 1922 remained relevant under the later Act. Section 67(3) was considered not exhaustive, so a deduction otherwise allowable under section 37(1) could still be claimed where the facts justified it. Harmonious construction was applied to give effect to both provisions, and the expenditure was allowed. Case-Laws Income Tax Thu, 08 Jul 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8290