https://www.taxtmi.com/caselaws?id=277385 The court ruled that the Killing Valley Tea Company is liable to be assessed on their annual profits under the Indian Income Tax Act, but only to the extent that the profits are derived from non-agricultural activities. The assessment must be apportioned between agricultural and manufacturing income. The current assessment was deemed excessive and unsustainable due to improper apportionment. The court directed that no costs be ordered for this reference and instructed a copy of the judgment to be transmitted to the Board of Revenue. en-us Mon, 31 May 1920 00:00:00 +0530 Mon, 03 Dec 2018 12:00:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277385 The court ruled that the Killing Valley Tea Company is liable to be assessed on their annual profits under the Indian Income Tax Act, but only to the extent that the profits are derived from non-agricultural activities. The assessment must be apportioned between agricultural and manufacturing income. The current assessment was deemed excessive and unsustainable due to improper apportionment. The court directed that no costs be ordered for this reference and instructed a copy of the judgment to be transmitted to the Board of Revenue. Case-Laws Indian Laws Mon, 31 May 1920 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277385