2012 (11) TMI 1250

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..... of law are raised by the revenue in this appeal. i) Whether on given facts and in circumstances of the case, the order of the ITAT is correct in holding that cane supply expenses and cane development expenses are allowable u/s.37(1) of the Income Tax Act though such expenditure are not proved to be wholly and exclusively for purpose of business which is a condition prerequisite for allowabilit .....

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..... rder that so long as expenses incurred wholly and exclusively for the purposes of earning any extra income or profession, merely because some of these expenses were incurred voluntarily i. e. without there being any legal or contractual obligation to incur the same, the said expenses do not cease to be deductible expenses. The fact that the said expenses were incurred by the assessee is not in dis .....

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