High Court rules coffee and tea bushes not 'growing crops' for tax exemption

The High Court of Madras held that coffee and tea bushes, excluding certain parts, do not qualify as "growing crops" for exemption under section 5(1)(viii)(a) of the Wealth-tax Act, 1957. The ruling favored the Revenue over the assessee, aligning with precedent.

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The High Court of Madras ruled that coffee and tea bushes, excluding specific parts, are not considered "growing crops" for exemption under section 5(1)(viii)(a) of the Wealth-tax Act, 1957. The decision was based on a previous ruling and was against the assessee but in favor of the Revenue.

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