https://www.taxtmi.com/caselaws?id=49551 Expenditure laid out wholly and exclusively for deriving agricultural income under section 5(j) of the Travancore-Cochin Agricultural Income-tax Act, 1950 was deductible even where part of the plantation was still immature and not yielding income in the relevant year. Maintenance costs such as superintendence, weeding and upkeep of the whole estate were treated as revenue expenditure incurred in the income-earning process, and the non-yielding status of immature rubber trees did not defeat deduction. The Supreme Court accordingly upheld the assessee's claim and set aside the disallowance. en-us Thu, 15 Dec 1960 00:00:00 +0530 Tue, 03 Mar 2015 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49551 Expenditure laid out wholly and exclusively for deriving agricultural income under section 5(j) of the Travancore-Cochin Agricultural Income-tax Act, 1950 was deductible even where part of the plantation was still immature and not yielding income in the relevant year. Maintenance costs such as superintendence, weeding and upkeep of the whole estate were treated as revenue expenditure incurred in the income-earning process, and the non-yielding status of immature rubber trees did not defeat deduction. The Supreme Court accordingly upheld the assessee's claim and set aside the disallowance. Case-Laws Income Tax Thu, 15 Dec 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49551