https://www.taxtmi.com/caselaws?id=290959 Salary paid to a receiver-manager may be apportioned for deduction where only part of the work is directed to earning taxable estate income. Section 12(2) allows expenditure incurred solely for making or earning taxable income, and that relief is not denied merely because the same person also performs functions connected with exempt agricultural income. The critical point is whether a separable portion of the remuneration is attributable to the taxable-income activity; if so, that part may be deducted even though the salary also covers non-taxable functions. en-us Wed, 20 May 1931 00:00:00 +0530 Fri, 23 Oct 2020 12:02:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290959 Salary paid to a receiver-manager may be apportioned for deduction where only part of the work is directed to earning taxable estate income. Section 12(2) allows expenditure incurred solely for making or earning taxable income, and that relief is not denied merely because the same person also performs functions connected with exempt agricultural income. The critical point is whether a separable portion of the remuneration is attributable to the taxable-income activity; if so, that part may be deducted even though the salary also covers non-taxable functions. Case-Laws Income Tax Wed, 20 May 1931 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290959