https://www.taxtmi.com/caselaws?id=325141 The High Court held that the deduction under Section 33AB of the Income Tax Act should be allowed from the total composite income derived from growing and manufacturing tea before applying Rule 8(1) of the Income Tax Rules. This means that the deduction should be applied before apportioning the income into agricultural and business components. The Court's decision favored the assessee, allowing the appeal and answering the key question in the affirmative. en-us Fri, 04 Mar 2016 00:00:00 +0530 Mon, 02 May 2016 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325141 The High Court held that the deduction under Section 33AB of the Income Tax Act should be allowed from the total composite income derived from growing and manufacturing tea before applying Rule 8(1) of the Income Tax Rules. This means that the deduction should be applied before apportioning the income into agricultural and business components. The Court's decision favored the assessee, allowing the appeal and answering the key question in the affirmative. Case-Laws Income Tax Fri, 04 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325141