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Issues:
1. Disallowance of various amounts claimed as deductions in the computation of agricultural income. 2. Disallowance of interest amount claimed under section 5(e) of the Tamil Nadu Agricultural Income-tax Act, 1955. Analysis: The High Court of Madras delivered a judgment on a revision petition against the disallowance of deductions claimed by the assessee in the computation of agricultural income for the assessment year 1984-85. The disallowed amounts included payments to workers, miscellaneous expenses, legal charges, refreshment charges, and interest claimed under section 5(e) of the Act. The Tribunal found that the assessee failed to provide necessary details or vouchers to substantiate these claims. The Tribunal's findings were based on the lack of evidence to support the deductions, making it the final court of facts in this matter. Regarding the interest amount claimed under section 5(e), the Tribunal restricted the deduction to a specific sum, citing the ceiling provided in section 5(k) of the Act. The assessee argued that any amount not allowable under section 5(k) should be allowed under section 5(e. However, the Tribunal rejected this argument, relying on a previous court decision that clarified the scope and applicability of these sections. The Tribunal also noted the contradictory contentions made by the assessee during the proceedings, further supporting its decision to disallow the excess interest claimed beyond the prescribed limit under section 5(k). The High Court upheld the Tribunal's decision, emphasizing that the assessee failed to provide sufficient evidence to support the claim that interest payments were made for purposes specified in section 5(e). The court dismissed the revision petition, concluding that the disallowance of deductions and interest amounts was justified based on the lack of substantiating material and the applicable provisions of the Act.
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