THE COMMISSIONER OF AGRICULTURALINCOME-TAX vs THE CALVARY MOUNT ESTATES (PRIVATE)LTD.

The Supreme Court held that under Section 5(e) of the Madras Plantations Agricultural Income Tax Act, 1955, expenses incurred for the maintenance of immature non-bearing rubber trees are permissible deductions. The Court affirmed the decisions of the Agricultural Income Tax Tribunal and the Kerala High Court, which allowed such deductions, referencing the precedent set in Travancore Rubber & Tea Co. Ltd. v. The Commissioner of Agricultural Income-tax, Kerala. The appeal was dismissed, upholding the lower courts' rulings.