https://www.taxtmi.com/caselaws?id=345419 The Tribunal dismissed the Revenue's appeal, affirming the allowance of Cess on green leaf as an expenditure for computing composite income from the tea business. The decision aligned with legal precedents set by the Calcutta High Court and the Supreme Court, confirming the deduction of Cess on green leaf before applying the taxable income percentage under Rule 8(1) of the Income Tax Rules. en-us Fri, 03 Feb 2017 00:00:00 +0530 Mon, 17 Jul 2017 11:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345419 The Tribunal dismissed the Revenue's appeal, affirming the allowance of Cess on green leaf as an expenditure for computing composite income from the tea business. The decision aligned with legal precedents set by the Calcutta High Court and the Supreme Court, confirming the deduction of Cess on green leaf before applying the taxable income percentage under Rule 8(1) of the Income Tax Rules. Case-Laws Income Tax Fri, 03 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345419