https://www.taxtmi.com/caselaws?id=49551 The Supreme Court held that expenses for maintaining immature rubber trees are deductible under section 5(j) of the Travancore-Cochin Agricultural Income-tax Act, 1950. The Court overturned the High Court's decision, ruling in favor of the appellant in all three cases. The expenditure was deemed to be for the purpose of deriving agricultural income and should be allowed as a deduction. The judgment cited a precedent under the English Income Tax Act to support its decision, awarding costs to the appellant in both the Supreme Court and the High Court. 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 The Supreme Court held that expenses for maintaining immature rubber trees are deductible under section 5(j) of the Travancore-Cochin Agricultural Income-tax Act, 1950. The Court overturned the High Court's decision, ruling in favor of the appellant in all three cases. The expenditure was deemed to be for the purpose of deriving agricultural income and should be allowed as a deduction. The judgment cited a precedent under the English Income Tax Act to support its decision, awarding costs to the appellant in both the Supreme Court and the High Court. Case-Laws Income Tax Thu, 15 Dec 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49551