Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Tea income taxation: sale proceeds from grown and manufactured tea are treated as business income with partial deeming and replanting allowance. Income from the sale of tea grown and manufactured in India is computed as business income, and a specified portion is deemed taxable. An allowance is also made for the cost of replanting bushes that have died or become permanently useless in an already planted area, subject to the area not having been previously abandoned, and any non-includible subsidy is excluded from that cost calculation.
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Provisions expressly mentioned in the judgment/order text.
Tea income taxation: sale proceeds from grown and manufactured tea are treated as business income with partial deeming and replanting allowance.
Income from the sale of tea grown and manufactured in India is computed as business income, and a specified portion is deemed taxable. An allowance is also made for the cost of replanting bushes that have died or become permanently useless in an already planted area, subject to the area not having been previously abandoned, and any non-includible subsidy is excluded from that cost calculation.
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