https://www.taxtmi.com/caselaws?id=240815 Cess on green leaf was treated as deductible because the issue was covered by binding jurisdictional High Court precedent. Employees' contribution to provident fund paid after the due date was held allowable, following the Supreme Court ruling in Alom Extrusion Ltd. and the jurisdictional High Court's application of that principle. Interest earned from deployment of surplus business funds was held to arise from business activity and to be assessable as business income, not income from other sources. The first appellate authority's relief on each issue was therefore upheld, and no sustainable ground for interference remained. en-us Thu, 05 Dec 2013 00:00:00 +0530 Thu, 12 Dec 2013 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240815 Cess on green leaf was treated as deductible because the issue was covered by binding jurisdictional High Court precedent. Employees' contribution to provident fund paid after the due date was held allowable, following the Supreme Court ruling in Alom Extrusion Ltd. and the jurisdictional High Court's application of that principle. Interest earned from deployment of surplus business funds was held to arise from business activity and to be assessable as business income, not income from other sources. The first appellate authority's relief on each issue was therefore upheld, and no sustainable ground for interference remained. Case-Laws Income Tax Thu, 05 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240815