https://www.taxtmi.com/caselaws?id=15083 Composite tea income is assessed under the Income-tax Act, 1961, with 40% treated as business income and 60% as agricultural income under the Assam Agricultural Income-tax Act, 1939. Under section 8(2) of the Assam Act and rule 5 of the Assam Rules, deductions may be allowed in computing net agricultural income to the extent they were not already allowed under the central assessment. The assessee was therefore entitled to claim genuine plantation, manufacture and sale expenses disallowed under the Income-tax Act against the 60% agricultural portion, and the Act did not justify restricting deductions to expenses narrowly attributable only to agricultural income. en-us Fri, 12 May 2000 00:00:00 +0530 Fri, 31 Jul 2009 16:11:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15083 Composite tea income is assessed under the Income-tax Act, 1961, with 40% treated as business income and 60% as agricultural income under the Assam Agricultural Income-tax Act, 1939. Under section 8(2) of the Assam Act and rule 5 of the Assam Rules, deductions may be allowed in computing net agricultural income to the extent they were not already allowed under the central assessment. The assessee was therefore entitled to claim genuine plantation, manufacture and sale expenses disallowed under the Income-tax Act against the 60% agricultural portion, and the Act did not justify restricting deductions to expenses narrowly attributable only to agricultural income. Case-Laws Income Tax Fri, 12 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15083