https://www.taxtmi.com/caselaws?id=61666 Lease receipts qualify as agricultural income only where their immediate and effective source is land actually used for agricultural operations involving basic cultivation through human skill and labour. Fixed rent for business use of land, including effluent-water disposal, does not meet that test where vegetation is spontaneous growth; such receipts are taxable as income from other sources. Reassessment may be initiated after return processing under section 143(1)(a) where subsequent lessee information and audit material provide reason to believe that income escaped assessment. Interest requires fresh adjudication. en-us Thu, 07 Oct 2004 00:00:00 +0530 Tue, 26 Jun 2012 18:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61666 Lease receipts qualify as agricultural income only where their immediate and effective source is land actually used for agricultural operations involving basic cultivation through human skill and labour. Fixed rent for business use of land, including effluent-water disposal, does not meet that test where vegetation is spontaneous growth; such receipts are taxable as income from other sources. Reassessment may be initiated after return processing under section 143(1)(a) where subsequent lessee information and audit material provide reason to believe that income escaped assessment. Interest requires fresh adjudication. Case-Laws Income Tax Thu, 07 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61666