https://www.taxtmi.com/caselaws?id=9170 Section 5(e) of the Madras Agricultural Income-tax Act, 1955 was treated as a residuary deduction provision covering not only expenditure directly incurred in earning agricultural income but also expenses reasonably connected with the holding, working and running of the estate. On that construction, subscriptions, book and Gazette purchases, accountancy charges, estate-related travelling expenses and legal expenses connected with sales tax and company proceedings were allowable. Expenditure on printing share certificates was disallowed as capital in nature, and legal relating to a shareholder's suit over the election of a director was disallowed as personal to that dispute and unrelated to the estate. en-us Wed, 20 Sep 1972 00:00:00 +0530 Sat, 20 Jun 2009 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9170 Section 5(e) of the Madras Agricultural Income-tax Act, 1955 was treated as a residuary deduction provision covering not only expenditure directly incurred in earning agricultural income but also expenses reasonably connected with the holding, working and running of the estate. On that construction, subscriptions, book and Gazette purchases, accountancy charges, estate-related travelling expenses and legal expenses connected with sales tax and company proceedings were allowable. Expenditure on printing share certificates was disallowed as capital in nature, and legal relating to a shareholder's suit over the election of a director was disallowed as personal to that dispute and unrelated to the estate. Case-Laws Income Tax Wed, 20 Sep 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9170