https://www.taxtmi.com/caselaws?id=61781 Subsidy paid by the Rubber Board for rubber replantation was treated as agricultural income because it was linked directly and proximately to agricultural operations on rubber land, including felling, clearing, terracing, weeding, manuring, planting, maintenance and plant protection. Although the receipt was revenue in character, its immediate and effective source was the agricultural use of the land. The absence of a specific exemption comparable to the tea subsidy provision did not change its character. On that basis, the subsidy was held not liable to central income-tax. en-us Fri, 21 Aug 1987 00:00:00 +0530 Sun, 06 Feb 2011 03:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61781 Subsidy paid by the Rubber Board for rubber replantation was treated as agricultural income because it was linked directly and proximately to agricultural operations on rubber land, including felling, clearing, terracing, weeding, manuring, planting, maintenance and plant protection. Although the receipt was revenue in character, its immediate and effective source was the agricultural use of the land. The absence of a specific exemption comparable to the tea subsidy provision did not change its character. On that basis, the subsidy was held not liable to central income-tax. Case-Laws Income Tax Fri, 21 Aug 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61781