https://www.taxtmi.com/caselaws?id=270151 The ITAT directed the AO to verify the subsidy certificate issued by the Tea Board for exemption u/s 10(30) of the Income Tax Act and grant exemption only for subsidies received during the year subject to certificate production, allowing the appeal for statistical purposes. The ITAT also set aside the issue of deduction for employees' PF contribution remitted beyond the due date, directing the AO to grant deduction if paid before the due date. Additionally, the ITAT upheld the CIT(A)'s decision to allow deduction for cess on green leaf based on a High Court ruling, dismissing the revenue's appeal. Finally, the ITAT directed the AO to grant exemption u/s 10(30) towards tea plantation subsidy for book profit calculation, reducing the net profit. en-us Mon, 31 Aug 2015 00:00:00 +0530 Tue, 29 Dec 2015 20:38:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270151 The ITAT directed the AO to verify the subsidy certificate issued by the Tea Board for exemption u/s 10(30) of the Income Tax Act and grant exemption only for subsidies received during the year subject to certificate production, allowing the appeal for statistical purposes. The ITAT also set aside the issue of deduction for employees' PF contribution remitted beyond the due date, directing the AO to grant deduction if paid before the due date. Additionally, the ITAT upheld the CIT(A)'s decision to allow deduction for cess on green leaf based on a High Court ruling, dismissing the revenue's appeal. Finally, the ITAT directed the AO to grant exemption u/s 10(30) towards tea plantation subsidy for book profit calculation, reducing the net profit. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270151