https://www.taxtmi.com/caselaws?id=14084 The Tribunal's decision was upheld, ruling in favor of the assessee regarding the entitlement to claim a deduction under section 33A(7), proviso (ii), of the Income Tax Act as amended from 1st April 1982, at the rate of Rs.35,000 per hectare for the assessment year 1982-83. The Court emphasized the importance of applying the prevailing law at the time of assessment and rejected the Revenue's attempt to restrict the allowance based on past rates. en-us Mon, 11 Jun 2001 00:00:00 +0530 Mon, 13 Jul 2009 14:01:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14084 The Tribunal's decision was upheld, ruling in favor of the assessee regarding the entitlement to claim a deduction under section 33A(7), proviso (ii), of the Income Tax Act as amended from 1st April 1982, at the rate of Rs.35,000 per hectare for the assessment year 1982-83. The Court emphasized the importance of applying the prevailing law at the time of assessment and rejected the Revenue's attempt to restrict the allowance based on past rates. Case-Laws Income Tax Mon, 11 Jun 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14084