https://www.taxtmi.com/caselaws?id=203135 The High Court allowed the appeal, determining that Cess paid on green tea leaf is deductible as a business expenditure in computing composite income. The court found no valid grounds for invoking section 263 of the Income-tax Act based on the Assessing Officer's proposal, which relied on a court ruling not approved by the High Court. Therefore, the order under section 263 was set aside, and the Assessing Officer was directed to act accordingly. The appeal was allowed, with no order as to costs in the given circumstances. en-us Fri, 04 Feb 2011 00:00:00 +0530 Fri, 15 Jul 2011 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203135 The High Court allowed the appeal, determining that Cess paid on green tea leaf is deductible as a business expenditure in computing composite income. The court found no valid grounds for invoking section 263 of the Income-tax Act based on the Assessing Officer's proposal, which relied on a court ruling not approved by the High Court. Therefore, the order under section 263 was set aside, and the Assessing Officer was directed to act accordingly. The appeal was allowed, with no order as to costs in the given circumstances. Case-Laws Income Tax Fri, 04 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203135