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1972 (12) TMI 1 - SC - Income TaxWhether the tax paid by the assessee-company on the tea-garden lands under the U.P.LargeLand Holdings Tax Act, 1957 (U.P. Act XXXI of 1957), is liable to be deducted u/s 10(2)(xv) - question referred to the HC is answered in favour of the assessees. In other words, the answer to the question is that the tax paid under the U.P.LargeLand Holdings Tax Act, 1957, is an admissible deduction from the taxable income of the assesse-companies
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