https://www.taxtmi.com/article/detailed?id=5211 The article argues that Assam's sections 8B-8C, which impose a minimum agricultural income tax on a deemed portion of tea companies' book profits, are inconsistent with the constitutional allocation of taxing powers and the definition of agricultural income. It contends the levy functions as a provisional, adjustible collection or debt rather than a permissible final tax on agricultural income, departs from the Income-tax Act's Rule 8 computation for tea, and discriminates by applying only to companies. en-us Fri, 26 Jul 2013 13:09:44 +0530 Fri, 26 Jul 2013 13:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5211 The article argues that Assam's sections 8B-8C, which impose a minimum agricultural income tax on a deemed portion of tea companies' book profits, are inconsistent with the constitutional allocation of taxing powers and the definition of agricultural income. It contends the levy functions as a provisional, adjustible collection or debt rather than a permissible final tax on agricultural income, departs from the Income-tax Act's Rule 8 computation for tea, and discriminates by applying only to companies. Articles Income Tax Fri, 26 Jul 2013 13:09:44 +0530 https://www.taxtmi.com/article/detailed?id=5211