TaxTMI 
TaxTMI 
TaxTMI 
1999 (4) TMI 2
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....ons amongst others were answered by the High Court in favour of the assessee and against the Revenue: For assessment years 1974-75 and 1975-76 : "4. Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the assessee was not entitled to deduction of Rs. 66,352 plus Rs. 1,60,248 for the assessment year 1974-75 and Rs. 2,00,599 for the assessment year 19....
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....matter of the reference before the High Court and as to which the Revenue had filed these appeals. However, vide order dated November 3, 1995, this court has entertained the appeals confined to the abovesaid three questions only. So far as question No. 6 and 8 are concerned, at the very outset learned counsel for the Revenue has very fairly stated that the quantum of revenue involved is very smal....
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....ce. The Tribunal disallowed the deduction on the ground that the rice husk was not a "product of agriculture" because it was not a direct outcome of agricultural endeavour. According to the Tribunal what was produced by the cultivator was paddy which alone could be considered as an agricultural product, The husk was the result of process of dehusking which was not agriculture. The High Court has ....