https://www.taxtmi.com/caselaws?id=152681 Deduction under section 9(4) of the Kerala Agricultural Income-tax Act was unavailable for investment in a company engaged in centrifuging field latex, because that activity was treated as downstream processing of plantation produce and fell within the statutory exclusion for plantation-linked or ancillary agricultural activities. The provision also required the investment to be made out of agricultural income and limited the qualifying amount by reference to income computed without the deduction. As the investment exceeded the agricultural income base, the claim failed on that ground as well. The statutory conditions for deduction were therefore not satisfied. en-us Tue, 22 Jan 2008 00:00:00 +0530 Mon, 15 Dec 2014 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152681 Deduction under section 9(4) of the Kerala Agricultural Income-tax Act was unavailable for investment in a company engaged in centrifuging field latex, because that activity was treated as downstream processing of plantation produce and fell within the statutory exclusion for plantation-linked or ancillary agricultural activities. The provision also required the investment to be made out of agricultural income and limited the qualifying amount by reference to income computed without the deduction. As the investment exceeded the agricultural income base, the claim failed on that ground as well. The statutory conditions for deduction were therefore not satisfied. Case-Laws Income Tax Tue, 22 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152681