Deduction 33AB first allowed from composite income before apportionment under Rule 8(1) between agricultural non-agricultural
March 12, 2016
High Courts, Income Tax, Judgments
Deduction 33AB first allowed from composite income before apportionment under Rule 8(1) between agricultural non-agricultural The deduction u/s 33AB of the Income Tax Act, 1961 shall be allowed from the total composite income derived from growing and manufacturing tea and only after such deduction is made, Rule 8(1) shall be …