https://www.taxtmi.com/caselaws?id=174019 Interest on arrears of rent from agricultural land was held to be agricultural income because it was sufficiently connected with and derived from the land through the agricultural tenancy, so it remained exempt from tax. Salami or premium received for granting building leases was treated as a capital receipt on the facts found, since it was consideration for leasehold rights and not rent in advance or business income, so it was not assessable to income-tax. Both questions were answered in favour of the assessee. en-us Tue, 30 Apr 1946 00:00:00 +0530 Mon, 28 Sep 2015 11:37:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174019 Interest on arrears of rent from agricultural land was held to be agricultural income because it was sufficiently connected with and derived from the land through the agricultural tenancy, so it remained exempt from tax. Salami or premium received for granting building leases was treated as a capital receipt on the facts found, since it was consideration for leasehold rights and not rent in advance or business income, so it was not assessable to income-tax. Both questions were answered in favour of the assessee. Case-Laws Income Tax Tue, 30 Apr 1946 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174019