https://www.taxtmi.com/caselaws?id=3950 Composite tea income is computed under rule 8 of the Income-tax Rules, 1962 as mixed income, with the taxable agricultural component carried to the State levy under the Bengal Agricultural Income Tax Act, 1944. The scheme requires a combined reading of rule 8 and section 8 of the Bengal Act: the income-tax assessment determines the composite tea business income, and that assessment is conclusive evidence for the State assessment of the agricultural element. Direct sale of green tea leaves, however, is agricultural income in its own right and falls outside the mixed-income formula, so it remains separately taxable under the Bengal Act. en-us Fri, 09 May 2008 00:00:00 +0530 Mon, 13 Jun 2011 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3950 Composite tea income is computed under rule 8 of the Income-tax Rules, 1962 as mixed income, with the taxable agricultural component carried to the State levy under the Bengal Agricultural Income Tax Act, 1944. The scheme requires a combined reading of rule 8 and section 8 of the Bengal Act: the income-tax assessment determines the composite tea business income, and that assessment is conclusive evidence for the State assessment of the agricultural element. Direct sale of green tea leaves, however, is agricultural income in its own right and falls outside the mixed-income formula, so it remains separately taxable under the Bengal Act. Case-Laws Income Tax Fri, 09 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3950