https://www.taxtmi.com/caselaws?id=15164 Under the Assam Agricultural Income-tax Act, 1939 and the Assam Agricultural Income-tax Rules, 1939, expenditure disallowed while computing composite income from cultivation, manufacture and sale of tea under the Income-tax Act could still be considered for allowance in computing agricultural income, because the State scheme did not prescribe a separate percentage-based method for estimating such expenditure. The court followed an earlier binding Division Bench view and accepted that genuine expenditure relating to plantation, manufacture and sale of tea, though disallowed under the Income-tax Act, was not automatically barred from allowance under the agricultural income-tax law. The reference was answered in the negative, in favour of the assessee and against the Revenue. en-us Tue, 30 May 2000 00:00:00 +0530 Mon, 03 Aug 2009 13:59:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15164 Under the Assam Agricultural Income-tax Act, 1939 and the Assam Agricultural Income-tax Rules, 1939, expenditure disallowed while computing composite income from cultivation, manufacture and sale of tea under the Income-tax Act could still be considered for allowance in computing agricultural income, because the State scheme did not prescribe a separate percentage-based method for estimating such expenditure. The court followed an earlier binding Division Bench view and accepted that genuine expenditure relating to plantation, manufacture and sale of tea, though disallowed under the Income-tax Act, was not automatically barred from allowance under the agricultural income-tax law. The reference was answered in the negative, in favour of the assessee and against the Revenue. Case-Laws Income Tax Tue, 30 May 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15164