2006 (12) TMI 74

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....ur consideration and decision in this revision petition. The question is, whether the turnover tax paid by the assessee under the provisions of the Karnataka Sales Tax Act, 1957 ("the KST Act" for short), can he be claim g deduction under the provisions of the Karnataka Agricultural Income Tax Act, 1957 ? The basic facts are : 2 The assessee is a public limited company. It has a large extent....

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....l as the Tribunal were not justified in rejecting the claim of the assessee in so far as the deductions claimed while computing the tax payable under the Karnataka Sales Tax Act. In aid of his submissions, learned counsel has taken us through the provisions of section 5(1)(a)(ii) of the Karnataka Agricultural Income tax Act. 4 Smt. Sujatha, learned Government advocate appearing for the responde....

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....f the agricultural produce from such land ;" 6 Section 5 of the Act speaks of computation of "agricultural income". The agricultural income of a person requires to be computed under sub-section (1) of section 5 of the Act, after granting certain deductions as specified in clause (a) (i) and (ii) of the Act, such as, amounts paid towards land revenue, local rates, cesses, municipal taxes in resp....