https://www.taxtmi.com/caselaws?id=71900 Water used for irrigation may fall within articles intended for agriculture, but deduction under section 80P(2)(iv) depends on a real purchase in the commercial sense. The society's payments were irrigation water rates or dues recoverable as land revenue, not consideration under a sale transaction. As the Government did not sell water and the society did not acquire property in it, the essential element of purchase was missing. The society therefore acted only as a collector and distributor of irrigation water for eligible landholders, and the claimed deduction was not allowable. en-us Tue, 25 Feb 1986 00:00:00 +0530 Wed, 27 Apr 2011 17:40:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71900 Water used for irrigation may fall within articles intended for agriculture, but deduction under section 80P(2)(iv) depends on a real purchase in the commercial sense. The society's payments were irrigation water rates or dues recoverable as land revenue, not consideration under a sale transaction. As the Government did not sell water and the society did not acquire property in it, the essential element of purchase was missing. The society therefore acted only as a collector and distributor of irrigation water for eligible landholders, and the claimed deduction was not allowable. Case-Laws Income Tax Tue, 25 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71900