https://www.taxtmi.com/caselaws?id=200379 Under the Travancore-Cochin Agricultural Income-tax Act, 1950, expenditure is deductible under section 5(j) only if it is laid out wholly and exclusively for deriving the agricultural income of the relevant accounting year. Expenses incurred on the upkeep and maintenance of immature rubber plants, which had not yet yielded income, were therefore not sufficiently connected with the income assessed in that year and were not allowable. Section 5(j) was also held not to be a residuary provision, and the existence of a specific deduction elsewhere in the Act did not enlarge its plain scope. The assessee's claim failed. en-us Fri, 06 Dec 1957 00:00:00 +0530 Tue, 27 Mar 2018 12:59:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200379 Under the Travancore-Cochin Agricultural Income-tax Act, 1950, expenditure is deductible under section 5(j) only if it is laid out wholly and exclusively for deriving the agricultural income of the relevant accounting year. Expenses incurred on the upkeep and maintenance of immature rubber plants, which had not yet yielded income, were therefore not sufficiently connected with the income assessed in that year and were not allowable. Section 5(j) was also held not to be a residuary provision, and the existence of a specific deduction elsewhere in the Act did not enlarge its plain scope. The assessee's claim failed. Case-Laws Income Tax Fri, 06 Dec 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200379