https://www.taxtmi.com/caselaws?id=262259 The High Court of Calcutta interpreted Section 33AB of the Act in a case involving tea manufacturing. The Court clarified that to qualify for deduction under Section 33AB, the assessee must grow and process tea leaves, with purchased tea forming part of the manufacturing process. In the case where the assessee used a small amount of purchased tea along with tea grown on its premises, the Court found the purchased tea insignificant and ruled in favor of the assessee. By applying a purposive interpretation and referencing a previous judgment, the Court allowed the appeal, emphasizing compliance with the legislative intent. en-us Fri, 17 Jul 2015 00:00:00 +0530 Thu, 06 Aug 2015 08:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=262259 The High Court of Calcutta interpreted Section 33AB of the Act in a case involving tea manufacturing. The Court clarified that to qualify for deduction under Section 33AB, the assessee must grow and process tea leaves, with purchased tea forming part of the manufacturing process. In the case where the assessee used a small amount of purchased tea along with tea grown on its premises, the Court found the purchased tea insignificant and ruled in favor of the assessee. By applying a purposive interpretation and referencing a previous judgment, the Court allowed the appeal, emphasizing compliance with the legislative intent. Case-Laws Income Tax Fri, 17 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=262259