1967 (12) TMI 24 - HC - Income Tax

Expenditure related to lopping of excess growth of the shade trees in the plantation - deduction - allowability

Summary

The High Court of Madras upheld the Tribunal's decision to allow a deduction of Rs. 8,346 for expenditure on lopping excess growth of shade trees in a plantation. The expenditure was deemed necessary for maintaining shade trees to maximize benefits. The court dismissed the petition. (Case citation: 1967 (12) TMI 24 - MADRAS High Court)