https://www.taxtmi.com/caselaws?id=333176 The Revenue's appeals in ITA Nos.170/Kol/2014 & 172/Kol/2014 were dismissed, while ITA No.171/Kol/2014 was partly allowed. The Tribunal upheld the allowance of cess on green leaf as an expenditure and treated interest subsidy as income derived from tea production. Disallowance under section 14A read with Rule 8D was partly upheld. The Tribunal remanded the deduction under section 80IC back to the AO for reconsideration. The Cross Objections by the assessee were allowed for statistical purposes. en-us Fri, 19 Aug 2016 00:00:00 +0530 Thu, 06 Oct 2016 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333176 The Revenue's appeals in ITA Nos.170/Kol/2014 & 172/Kol/2014 were dismissed, while ITA No.171/Kol/2014 was partly allowed. The Tribunal upheld the allowance of cess on green leaf as an expenditure and treated interest subsidy as income derived from tea production. Disallowance under section 14A read with Rule 8D was partly upheld. The Tribunal remanded the deduction under section 80IC back to the AO for reconsideration. The Cross Objections by the assessee were allowed for statistical purposes. Case-Laws Income Tax Fri, 19 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333176