https://www.taxtmi.com/caselaws?id=170741 Limestone powder manufacturing in Himachal Pradesh qualified as a non-timber forest product-based industry for deduction under section 80-IC because the undefined expression could be construed using allied legislation and the State industrial policy. Limestone was treated as forest produce and the undertaking fell within the relevant Fourteenth Schedule entry, allowing the deduction. Agricultural income from cultivated land warranted a partial allowance when estimating household expenses, but not the full amount claimed; the household-expense addition was therefore reduced. The appeal was partly allowed. en-us Tue, 23 Sep 2014 00:00:00 +0530 Mon, 23 Feb 2015 12:01:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170741 Limestone powder manufacturing in Himachal Pradesh qualified as a non-timber forest product-based industry for deduction under section 80-IC because the undefined expression could be construed using allied legislation and the State industrial policy. Limestone was treated as forest produce and the undertaking fell within the relevant Fourteenth Schedule entry, allowing the deduction. Agricultural income from cultivated land warranted a partial allowance when estimating household expenses, but not the full amount claimed; the household-expense addition was therefore reduced. The appeal was partly allowed. Case-Laws Income Tax Tue, 23 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170741