https://www.taxtmi.com/caselaws?id=216733 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on the disallowance of bad debt, treatment of income from the sale of green leaf as agricultural income exempted from tax, and deletion of the addition of cess on green leaf. The Tribunal emphasized that the lender's discretion determines bad debt and that recovery of the debt in the future would be considered as income. Additionally, it found the treatment of income from the sale of green leaf as exempted agricultural income justified under section 10(1) and allowed the deduction of cess on green leaf in computing the composite income from the tea business. en-us Fri, 29 Jun 2012 00:00:00 +0530 Wed, 19 Sep 2012 17:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216733 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decisions on the disallowance of bad debt, treatment of income from the sale of green leaf as agricultural income exempted from tax, and deletion of the addition of cess on green leaf. The Tribunal emphasized that the lender's discretion determines bad debt and that recovery of the debt in the future would be considered as income. Additionally, it found the treatment of income from the sale of green leaf as exempted agricultural income justified under section 10(1) and allowed the deduction of cess on green leaf in computing the composite income from the tea business. Case-Laws Income Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216733