https://www.taxtmi.com/caselaws?id=27847 Expenditure actually incurred for raising a coffee crop was treated as deductible in computing the year's agricultural income, because the relevant test was whether the outlay was laid out wholly and exclusively for earning that income. The article also notes that firm registration under the statutory scheme required personal signatures of all non-minor partners, and that this condition was mandatory and had to be strictly complied with. An application signed by agents for some partners was therefore defective for registration purposes, although the possibility of curing the defect could still be examined by the assessing authority in accordance with law. 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 Expenditure actually incurred for raising a coffee crop was treated as deductible in computing the year's agricultural income, because the relevant test was whether the outlay was laid out wholly and exclusively for earning that income. The article also notes that firm registration under the statutory scheme required personal signatures of all non-minor partners, and that this condition was mandatory and had to be strictly complied with. An application signed by agents for some partners was therefore defective for registration purposes, although the possibility of curing the defect could still be examined by the assessing authority in accordance with law. Case-Laws Income Tax Mon, 19 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27847