https://www.taxtmi.com/caselaws?id=36119 Extra shift allowance was confined to the proportion of the period during which machinery actually worked double or triple shifts, so full allowance was not admissible. The assessee's share of loss from an unregistered firm could not be set off against its own business income, and the earlier adverse view was followed. A reasonable portion of common establishment and management expenses was disallowed because it related to another concern and not solely to the assessee's business. Legal expenses over distribution of profits in specie were also disallowed, as post-earning profit distribution is not expenditure wholly and exclusively for business purposes. en-us Wed, 06 Feb 1980 00:00:00 +0530 Fri, 19 Mar 2010 13:48:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36119 Extra shift allowance was confined to the proportion of the period during which machinery actually worked double or triple shifts, so full allowance was not admissible. The assessee's share of loss from an unregistered firm could not be set off against its own business income, and the earlier adverse view was followed. A reasonable portion of common establishment and management expenses was disallowed because it related to another concern and not solely to the assessee's business. Legal expenses over distribution of profits in specie were also disallowed, as post-earning profit distribution is not expenditure wholly and exclusively for business purposes. Case-Laws Income Tax Wed, 06 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36119