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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Disallowance made on account of Cess payable on Green Leaf - ...


Court Rules on Cess Disallowance: Deductions Apply to Both Agricultural and Business Income as a Natural Consequence.

March 17, 2015

Case Laws     Income Tax     AT

Disallowance made on account of Cess payable on Green Leaf - When by fiction the income is computed as an income under the Act, all deductions as are available both for the agricultural component and for the business component of the income are to be allowed as a natural corollary - AT

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