https://www.taxtmi.com/caselaws?id=179922 The High Court ruled in favor of the revenue regarding the deduction under Section 80HHC of the Income Tax Act for computing mixed income from tea. The Court upheld the Tribunal's decision in applying Section 80HHC (4B) to determine composite income from tea sales. However, the Court favored the appellant in allowing the deduction under Section 33AB for computing income from tea sales. The appeal was disposed of without awarding costs to either party, providing clarity on the interpretation of relevant sections of the Income Tax Act in the context of tea income. en-us Tue, 01 Sep 2015 00:00:00 +0530 Sat, 12 Mar 2016 09:35:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179922 The High Court ruled in favor of the revenue regarding the deduction under Section 80HHC of the Income Tax Act for computing mixed income from tea. The Court upheld the Tribunal's decision in applying Section 80HHC (4B) to determine composite income from tea sales. However, the Court favored the appellant in allowing the deduction under Section 33AB for computing income from tea sales. The appeal was disposed of without awarding costs to either party, providing clarity on the interpretation of relevant sections of the Income Tax Act in the context of tea income. Case-Laws Income Tax Tue, 01 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179922