https://www.taxtmi.com/caselaws?id=64300 The Tribunal upheld the CIT(A)'s decision to treat recurring compensation as agricultural income exempt from tax, following the principle that compensation for requisitioned land used for agriculture qualifies as agricultural income. The Tribunal affirmed the respondent's ownership of the rental income, determined the nature of the income as agricultural based on evidence, and concluded that Section 45(5) of the Income Tax Act did not apply. The use of Khasra Girdawari as evidence was deemed relevant, and judgments from higher courts supported the agricultural income classification. The Revenue's appeals were dismissed for the assessment years in question. en-us Fri, 21 Mar 2003 00:00:00 +0530 Mon, 07 Feb 2011 10:40:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64300 The Tribunal upheld the CIT(A)'s decision to treat recurring compensation as agricultural income exempt from tax, following the principle that compensation for requisitioned land used for agriculture qualifies as agricultural income. The Tribunal affirmed the respondent's ownership of the rental income, determined the nature of the income as agricultural based on evidence, and concluded that Section 45(5) of the Income Tax Act did not apply. The use of Khasra Girdawari as evidence was deemed relevant, and judgments from higher courts supported the agricultural income classification. The Revenue's appeals were dismissed for the assessment years in question. Case-Laws Income Tax Fri, 21 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64300