1960 (12) TMI 16

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....d by KAPUR, J.--This is an appeal by special leave against the judgment and order of the High Court of Kerala in Tax Revision No. 12 of 1957. The respondent who is the assessee owned an estate of 590 acres in South Malabar district, now in Kerala State. Out of that area 85 acres were covered by pepper, arecanut, paddy and coconut cultivation while the rest, i.e., 505 acres, had rubber planta....

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..... The High Court held that the amount spent on the upkeep and maintenance of immature rubber trees was a deductible expenditure under section 5(e) of that Act which provides : " Computation of agricultural income.--The agricultural income of a person shall be computed after making the following deductions, namely--....... (e) any expenditure incurred in the previous year (not being in the na....