https://www.taxtmi.com/caselaws?id=121065 The Kerala High Court ruled in favor of the assessee regarding the treatment of income from value-added grades of rubber. The Tribunal directed the deletion of income from the sale of scrap and similar items to avoid double taxation. Disallowance under section 14A was deleted due to the principle of indivisible business. The Tribunal allowed the fees paid to M/s. RPG Enterprises Ltd. as business expenditure. Various other issues were either dismissed or allowed based on legal interpretations and precedents, resulting in a mixed outcome for the assessee. en-us Fri, 11 May 2007 00:00:00 +0530 Thu, 26 Jul 2012 13:15:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121065 The Kerala High Court ruled in favor of the assessee regarding the treatment of income from value-added grades of rubber. The Tribunal directed the deletion of income from the sale of scrap and similar items to avoid double taxation. Disallowance under section 14A was deleted due to the principle of indivisible business. The Tribunal allowed the fees paid to M/s. RPG Enterprises Ltd. as business expenditure. Various other issues were either dismissed or allowed based on legal interpretations and precedents, resulting in a mixed outcome for the assessee. Case-Laws Income Tax Fri, 11 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121065