https://www.taxtmi.com/caselaws?id=277212 The court held that only the expenditure attributable to the taxable part of the business could be deducted under Sec. 10(2)(ix) of the Burma Income-Tax Act. The assessee, a Hindu undivided family business engaged in Chettyar banking business in Burma, was not entitled to deduct expenses related to agricultural income under the mentioned section. The judgment clarified the exclusion of agricultural income from the scope of the Act and emphasized the specific provisions regarding the deduction of expenses solely for earning taxable profits or gains. The Commissioner of Income-tax was awarded costs for the reference, and the decision was unanimous. en-us Thu, 03 Feb 1938 00:00:00 +0530 Thu, 29 Nov 2018 10:30:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277212 The court held that only the expenditure attributable to the taxable part of the business could be deducted under Sec. 10(2)(ix) of the Burma Income-Tax Act. The assessee, a Hindu undivided family business engaged in Chettyar banking business in Burma, was not entitled to deduct expenses related to agricultural income under the mentioned section. The judgment clarified the exclusion of agricultural income from the scope of the Act and emphasized the specific provisions regarding the deduction of expenses solely for earning taxable profits or gains. The Commissioner of Income-tax was awarded costs for the reference, and the decision was unanimous. Case-Laws Income Tax Thu, 03 Feb 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277212