https://www.taxtmi.com/caselaws?id=275036 The High Court affirmed the ITAT's decision that cane supply expenses and cane development expenses are allowable under Section 37(1) of the Income Tax Act, despite not being proven wholly and exclusively for business purposes. The Court compared the strict requirements of Section 37(1) with other sections of the Act. Relying on precedent, the Tribunal found that expenses incurred for earning extra income or profession, even voluntarily, are deductible. The Court dismissed the appeal, stating no question of law arose, with no order as to costs. en-us Tue, 20 Nov 2012 00:00:00 +0530 Sat, 15 Sep 2018 17:43:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275036 The High Court affirmed the ITAT's decision that cane supply expenses and cane development expenses are allowable under Section 37(1) of the Income Tax Act, despite not being proven wholly and exclusively for business purposes. The Court compared the strict requirements of Section 37(1) with other sections of the Act. Relying on precedent, the Tribunal found that expenses incurred for earning extra income or profession, even voluntarily, are deductible. The Court dismissed the appeal, stating no question of law arose, with no order as to costs. Case-Laws Income Tax Tue, 20 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275036