https://www.taxtmi.com/caselaws?id=15011 The court held that the Tribunal erred in law by directing the Assessing Officer to allow the benefit of section 32AB to the assessee despite the income being agricultural and exempt under section 10(1) of the Income-tax Act, 1961. The court ruled in favor of the Revenue, stating that once income is classified as agricultural and exempt under section 10(1), deductions under section 32AB are not applicable. The judgment emphasized that deductions under section 32AB are only applicable if the income is included in the total income chargeable to tax. en-us Thu, 15 Jun 2000 00:00:00 +0530 Mon, 27 Jul 2009 16:13:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15011 The court held that the Tribunal erred in law by directing the Assessing Officer to allow the benefit of section 32AB to the assessee despite the income being agricultural and exempt under section 10(1) of the Income-tax Act, 1961. The court ruled in favor of the Revenue, stating that once income is classified as agricultural and exempt under section 10(1), deductions under section 32AB are not applicable. The judgment emphasized that deductions under section 32AB are only applicable if the income is included in the total income chargeable to tax. Case-Laws Income Tax Thu, 15 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15011