https://www.taxtmi.com/caselaws?id=66872 The Tribunal determined that the assessee's activities related to Tendu Leaves constituted trading rather than processing. As a result, the Assessing Officer was directed to apply the presumptive rates under section 44AC of the Income-tax Act, 1961. The appeal was partly allowed, with certain grounds dismissed and consequential relief ordered for the assessment year 1990-91. en-us Fri, 18 Mar 1994 00:00:00 +0530 Mon, 07 Mar 2011 17:59:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66872 The Tribunal determined that the assessee's activities related to Tendu Leaves constituted trading rather than processing. As a result, the Assessing Officer was directed to apply the presumptive rates under section 44AC of the Income-tax Act, 1961. The appeal was partly allowed, with certain grounds dismissed and consequential relief ordered for the assessment year 1990-91. Case-Laws Income Tax Fri, 18 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66872