https://www.taxtmi.com/caselaws?id=18624 Audit expenses incurred for the company's accounts were treated as management expenses connected with agricultural operations and, applying the principle that expenditure integral to deriving agricultural income is deductible, the court held them allowable under the relevant Kerala Agricultural Income-tax provision. Compensation received for cutting rubber trees was treated as compensation for loss of trees and deprivation of possession and control, so it was held to be capital in character and not agricultural income. The assessee succeeded on both questions decided. en-us Thu, 18 Jan 1996 00:00:00 +0530 Sat, 31 Oct 2009 09:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18624 Audit expenses incurred for the company's accounts were treated as management expenses connected with agricultural operations and, applying the principle that expenditure integral to deriving agricultural income is deductible, the court held them allowable under the relevant Kerala Agricultural Income-tax provision. Compensation received for cutting rubber trees was treated as compensation for loss of trees and deprivation of possession and control, so it was held to be capital in character and not agricultural income. The assessee succeeded on both questions decided. Case-Laws Income Tax Thu, 18 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18624