https://www.taxtmi.com/circulars?id=4710 The Circular clarifies that the Supreme Court's ruling that processed tea leaves remain agricultural produce for sales tax purposes does not affect the Income tax Act's statutory scheme: the constitutional restriction tying the definition of agricultural income to the income tax enactments limits State competence, and income from tea grown and manufactured by the seller in India must continue to be computed under the Income tax Rules, allocating a portion as business income and the balance as agricultural income. en-us Wed, 29 Jul 1981 00:00:00 +0530 Sat, 02 Aug 2008 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=4710 The Circular clarifies that the Supreme Court's ruling that processed tea leaves remain agricultural produce for sales tax purposes does not affect the Income tax Act's statutory scheme: the constitutional restriction tying the definition of agricultural income to the income tax enactments limits State competence, and income from tea grown and manufactured by the seller in India must continue to be computed under the Income tax Rules, allocating a portion as business income and the balance as agricultural income. Circulars Income Tax Wed, 29 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4710