https://www.taxtmi.com/caselaws?id=216940 The Kerala High Court ruled in favor of the appellant-assessee, a plantation company, in a case involving assessments under the Kerala Agricultural Income Tax Act and the Central Income Tax Act for the assessment year 1996-97. The court held that circular No.5 of 2003 should apply to prevent double assessment and discrimination, directing that income from centrifuged latex be assessed under Rule 7A from 01/04/2002 onwards. The court allowed the Income Tax Appeal and the Writ Petition, overturning tribunal decisions and restoring the CIT (Appeals) order on the assessment of income from centrifuged latex. en-us Mon, 19 Dec 2011 00:00:00 +0530 Thu, 27 Sep 2012 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216940 The Kerala High Court ruled in favor of the appellant-assessee, a plantation company, in a case involving assessments under the Kerala Agricultural Income Tax Act and the Central Income Tax Act for the assessment year 1996-97. The court held that circular No.5 of 2003 should apply to prevent double assessment and discrimination, directing that income from centrifuged latex be assessed under Rule 7A from 01/04/2002 onwards. The court allowed the Income Tax Appeal and the Writ Petition, overturning tribunal decisions and restoring the CIT (Appeals) order on the assessment of income from centrifuged latex. Case-Laws Income Tax Mon, 19 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216940