https://www.taxtmi.com/caselaws?id=13110 The High Court upheld the Tribunal's decision, ruling in favor of the tea manufacturing company regarding the entitlement to claim deduction under section 33A(7), proviso (ii), at the rate of Rs.35,000 per hectare for the assessment year 1982-83. The court emphasized that development allowance under section 33A could be granted in a subsequent year and should not be limited to the year of expenditure or the immediate next year, considering the actual cost of planting over a span of four years for computing the allowance. en-us Mon, 11 Jun 2001 00:00:00 +0530 Tue, 26 May 2009 13:56:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13110 The High Court upheld the Tribunal's decision, ruling in favor of the tea manufacturing company regarding the entitlement to claim deduction under section 33A(7), proviso (ii), at the rate of Rs.35,000 per hectare for the assessment year 1982-83. The court emphasized that development allowance under section 33A could be granted in a subsequent year and should not be limited to the year of expenditure or the immediate next year, considering the actual cost of planting over a span of four years for computing the allowance. Case-Laws Income Tax Mon, 11 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13110