https://www.taxtmi.com/caselaws?id=251934 Rule 8 applies to the computation of fringe benefit expenditure in a tea business, so the related outlay is not kept wholly outside apportionment. The net business result must first be ascertained after deducting expenses, and only the permissible portion is then brought to tax. Chapter XII-H of the Income-tax Act, 1961 must operate subject to Section 10(1), so the computation cannot be made in a way that taxes agricultural income. The issue was answered against the Revenue and in favour of the assessee. en-us Mon, 01 Sep 2014 00:00:00 +0530 Mon, 06 Oct 2014 08:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251934 Rule 8 applies to the computation of fringe benefit expenditure in a tea business, so the related outlay is not kept wholly outside apportionment. The net business result must first be ascertained after deducting expenses, and only the permissible portion is then brought to tax. Chapter XII-H of the Income-tax Act, 1961 must operate subject to Section 10(1), so the computation cannot be made in a way that taxes agricultural income. The issue was answered against the Revenue and in favour of the assessee. Case-Laws Income Tax Mon, 01 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251934