https://www.taxtmi.com/caselaws?id=8454 Payments to a political party and its office-bearers were treated as donations with a broad meaning, covering transfers made for a public cause, and were not shown to be loans. The court also held that politics can constitute an occupation, so expenditure incurred in advancing a political party's work and objectives may qualify as wholly and exclusively for that occupation under section 5(a). On deduction of expenditure-tax, the Act permits only taxes actually paid in the relevant previous year to be deducted under section 6(1)(a); amounts merely payable or accrued are excluded to avoid circular computation. en-us Wed, 18 Nov 1970 00:00:00 +0530 Wed, 15 Apr 2009 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8454 Payments to a political party and its office-bearers were treated as donations with a broad meaning, covering transfers made for a public cause, and were not shown to be loans. The court also held that politics can constitute an occupation, so expenditure incurred in advancing a political party's work and objectives may qualify as wholly and exclusively for that occupation under section 5(a). On deduction of expenditure-tax, the Act permits only taxes actually paid in the relevant previous year to be deducted under section 6(1)(a); amounts merely payable or accrued are excluded to avoid circular computation. Case-Laws Income Tax Wed, 18 Nov 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8454