1984 (3) TMI 60

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....by JAGANNATHA SHETTY J.-This revision under s. 55 of the Karnataka Agricultural Income-tax Act, 1957 (hereinafter referred to as " the Act "), is directed against the order of the Commr. of Agrl. I.T. made under s. 35 of the Act. The petitioner-company is deriving agricultural income from a tea estate and also from two coffee estates. In respect of the assessment year l974-75, the company cl....

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....as only a provision made and not an actual payment. We do not think that the view taken by the Commissioner could be justified. Section 5(k) of the Act is analogous to s. 37(1) of the I.T. Act, 1961, and r. 5(d) is similar to s. 36(1)(v) of the said Act. The scope of these provisions was considered by this court in Addl. CIT v. Karnataka State Warehousing Corporation [1980] 125 ITR 136 and the ....