Section 15 of the Income Tax Act- An Expenditure must be Wholly and Exclusively Incurred in the Production of Income

“One of the fundamental conditions that must be satisfied for an item of expenditure to be deductible, is that it must incurred wholly and exclusively for the purposes of the trade, profession or vocation. The wholly and exclusively test can only be satisfied if the sole reason for incurring the expenditure is for the purposes of the trade in question. There are two matters for consideration in determining if this is the case, one of law and one of fact."