Agricultural income exemption under the Income-tax Act was admitted for hearing, with no final ruling on the tax issue.

Whether the income qualified as agricultural income under Section 2(1A) of the Income-tax Act, 1961, and was therefore exempt under Section 10(1), was framed as the central question of law. The Gujarat High Court admitted the matter and directed that the stated question be heard together with the connected reference, but it recorded no final adjudication on the exemption issue.

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Issues: Whether the income in question constituted agricultural income within the meaning of Section 2(1A) of the Income-tax Act, 1961 and was therefore exempt under Section 10(1) of that Act.

Outcome: The matter was admitted and the stated question of law was framed for hearing together with the connected reference, with no final adjudication on the issue.

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