https://www.taxtmi.com/caselaws?id=2408 For composite tea income, export-profit deduction under section 80HHC was required to be computed first on the composite income derived from tea, and only then was the resulting income to be apportioned between agricultural and non-agricultural components under rule 8(1); the deduction was therefore not deferred until after apportionment, and relief was allowed on that issue. By contrast, deduction under section 80M was confined to dividend income computed in accordance with the Act and could not be claimed on the gross dividend receipt; that claim was rejected, leaving the appeal partly successful. en-us Mon, 13 Nov 2006 00:00:00 +0530 Mon, 13 Jun 2011 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2408 For composite tea income, export-profit deduction under section 80HHC was required to be computed first on the composite income derived from tea, and only then was the resulting income to be apportioned between agricultural and non-agricultural components under rule 8(1); the deduction was therefore not deferred until after apportionment, and relief was allowed on that issue. By contrast, deduction under section 80M was confined to dividend income computed in accordance with the Act and could not be claimed on the gross dividend receipt; that claim was rejected, leaving the appeal partly successful. Case-Laws Income Tax Mon, 13 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2408