https://www.taxtmi.com/caselaws?id=304752 The Tribunal dismissed the appeal filed by the assessee, upholding the decision of the CIT(A) to disallow the cost of planting and maintenance of immature rubber plants for the assessment year 2011-2012. The Tribunal ruled that the expenditure was not allowable as a deduction based on the nature of the expenses incurred. The decision was in line with the precedent set by the Hon'ble Kerala High Court in similar cases. en-us Thu, 06 Sep 2018 00:00:00 +0530 Wed, 19 Oct 2022 22:41:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304752 The Tribunal dismissed the appeal filed by the assessee, upholding the decision of the CIT(A) to disallow the cost of planting and maintenance of immature rubber plants for the assessment year 2011-2012. The Tribunal ruled that the expenditure was not allowable as a deduction based on the nature of the expenses incurred. The decision was in line with the precedent set by the Hon'ble Kerala High Court in similar cases. Case-Laws Income Tax Thu, 06 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304752