https://www.taxtmi.com/caselaws?id=35625 Expenditure is deductible against agricultural income only if it is wholly and exclusively incurred for deriving that income. Stock exchange listing fee and loss on sale of old machinery and tools were held not to satisfy that test, so the deduction was disallowed. A contribution for constructing a bridge on a public road was also not allowable, because the bridge was outside the estate, undertaken by an independent welfare committee, and did not fall within the specified cash donation categories under Rule 8D of the Agricultural Income-tax Rules, 1951. The claimed deductions were therefore upheld as disallowed. en-us Mon, 10 Nov 1980 00:00:00 +0530 Mon, 15 Mar 2010 16:11:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35625 Expenditure is deductible against agricultural income only if it is wholly and exclusively incurred for deriving that income. Stock exchange listing fee and loss on sale of old machinery and tools were held not to satisfy that test, so the deduction was disallowed. A contribution for constructing a bridge on a public road was also not allowable, because the bridge was outside the estate, undertaken by an independent welfare committee, and did not fall within the specified cash donation categories under Rule 8D of the Agricultural Income-tax Rules, 1951. The claimed deductions were therefore upheld as disallowed. Case-Laws Income Tax Mon, 10 Nov 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35625