https://www.taxtmi.com/caselaws?id=470167 For tea-growing and manufacturing businesses, income is computed under Rule 8 as composite income, with 60% treated as exempt agricultural income and 40% as taxable business income. A disallowance for delayed employees' provident fund contributions under section 36(1)(va), where related to that composite income, must be apportioned in the same ratio rather than wholly added to taxable income. The disallowance is therefore restricted to the taxable 40% component, with recomputation required accordingly. en-us Thu, 26 Feb 2026 00:00:00 +0530 Fri, 17 Jul 2026 21:38:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470167 For tea-growing and manufacturing businesses, income is computed under Rule 8 as composite income, with 60% treated as exempt agricultural income and 40% as taxable business income. A disallowance for delayed employees' provident fund contributions under section 36(1)(va), where related to that composite income, must be apportioned in the same ratio rather than wholly added to taxable income. The disallowance is therefore restricted to the taxable 40% component, with recomputation required accordingly. Case-Laws Income Tax Thu, 26 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470167