https://www.taxtmi.com/caselaws?id=152217 Tea plantation income must be computed under the Income-tax Act, 1922 and the Income-tax Rules, 1922, with Rule 24 governing the deemed agricultural income component. The constitutional definition of agricultural income does not permit a State agricultural income-tax provision to enlarge that base beyond the income computed under the special tea scheme. Explanation 2 to section 5 of the Agricultural Income-tax Act, 1950 is therefore read harmoniously with the tea-specific provision and does not apply to tea plantation income. Expenditure on upkeep and maintenance of immature tea plants is treated as running expenditure, not capital expenditure, and is not disallowed under that Explanation. en-us Thu, 01 Nov 1962 00:00:00 +0530 Wed, 07 Aug 2013 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152217 Tea plantation income must be computed under the Income-tax Act, 1922 and the Income-tax Rules, 1922, with Rule 24 governing the deemed agricultural income component. The constitutional definition of agricultural income does not permit a State agricultural income-tax provision to enlarge that base beyond the income computed under the special tea scheme. Explanation 2 to section 5 of the Agricultural Income-tax Act, 1950 is therefore read harmoniously with the tea-specific provision and does not apply to tea plantation income. Expenditure on upkeep and maintenance of immature tea plants is treated as running expenditure, not capital expenditure, and is not disallowed under that Explanation. Case-Laws VAT and Sales Tax Thu, 01 Nov 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152217