https://www.taxtmi.com/caselaws?id=15410 Accrued cess payable on production of green tea leaves was deductible in computing agricultural income where the assessee kept accounts on the mercantile system. The Gauhati HC noted that the liability had arisen during the relevant year and that, in the absence of an express provision in the Agricultural Income-tax Act, 1939 requiring actual payment, section 43B of the Income-tax Act could not be invoked to disallow the claim. On the scheme of sections 8(2)(e), 8(2)(f)(vii) and 37 of the 1939 Act, the unpaid cess remained an allowable deduction. The disallowance by the assessing and appellate authorities was therefore unsustainable. en-us Fri, 24 Dec 1999 00:00:00 +0530 Thu, 06 Aug 2009 13:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15410 Accrued cess payable on production of green tea leaves was deductible in computing agricultural income where the assessee kept accounts on the mercantile system. The Gauhati HC noted that the liability had arisen during the relevant year and that, in the absence of an express provision in the Agricultural Income-tax Act, 1939 requiring actual payment, section 43B of the Income-tax Act could not be invoked to disallow the claim. On the scheme of sections 8(2)(e), 8(2)(f)(vii) and 37 of the 1939 Act, the unpaid cess remained an allowable deduction. The disallowance by the assessing and appellate authorities was therefore unsustainable. Case-Laws Income Tax Fri, 24 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15410