https://www.taxtmi.com/caselaws?id=15593 The High Court of Kerala held that the tax exemption for 'rejuvenation subsidy' received from the Tea Board under section 10(30) of the Income-tax Act was applicable only from April 1, 1985, onwards, and not for the assessment year 1984-85. The Tribunal's decision disallowing the deduction claims related to the subsidy was upheld for the former year but not for the latter year. The court clarified the tax treatment of such subsidies for the assessment years 1984-85 and 1985-86. en-us Mon, 27 Sep 1999 00:00:00 +0530 Wed, 26 Aug 2009 12:18:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15593 The High Court of Kerala held that the tax exemption for 'rejuvenation subsidy' received from the Tea Board under section 10(30) of the Income-tax Act was applicable only from April 1, 1985, onwards, and not for the assessment year 1984-85. The Tribunal's decision disallowing the deduction claims related to the subsidy was upheld for the former year but not for the latter year. The court clarified the tax treatment of such subsidies for the assessment years 1984-85 and 1985-86. Case-Laws Income Tax Mon, 27 Sep 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15593