https://www.taxtmi.com/caselaws?id=27847 Agricultural income computation permits deduction of expenditure wholly and exclusively incurred to derive taxable income, irrespective of whether the taxpayer or vendors incurred it. Reimbursement to vendors for coffee-crop expenditure under the sale terms was therefore deductible. Firm registration requires personal signatures of all non-minor partners; signatures by agents for some partners do not satisfy the mandatory statutory conditions. Registration based on that defective application could not be sustained, although the assessing authority could consider any lawful request to rectify the defect. The deduction claim was restored and the registration issue remitted for consideration of rectification. en-us Mon, 19 Mar 1984 00:00:00 +0530 Tue, 16 Feb 2010 13:44:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27847 Agricultural income computation permits deduction of expenditure wholly and exclusively incurred to derive taxable income, irrespective of whether the taxpayer or vendors incurred it. Reimbursement to vendors for coffee-crop expenditure under the sale terms was therefore deductible. Firm registration requires personal signatures of all non-minor partners; signatures by agents for some partners do not satisfy the mandatory statutory conditions. Registration based on that defective application could not be sustained, although the assessing authority could consider any lawful request to rectify the defect. The deduction claim was restored and the registration issue remitted for consideration of rectification. Case-Laws Income Tax Mon, 19 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27847